Click the link below the picture
.
If companies want to leave Russia, the president is setting the terms — in ways that benefit his government, his elites, and his war.
Soon after Russian troops invaded his country, the Ukrainian president, Volodymyr Zelensky, made a plea to Western companies: “Leave Russia,” he said. “Make sure that the Russians do not receive a single penny.”
President Vladimir V. Putin had other plans.
Mr. Putin has turned the exits of major Western companies into a windfall for Russia’s loyal elite and the state itself. He has forced companies wishing to sell to do so at fire-sale prices. He has limited sales to buyers anointed by Moscow. Sometimes he has seized firms outright.
A New York Times investigation traced how Mr. Putin has turned an expected misfortune into an enrichment scheme. Western companies that have announced departures have declared more than $103 billion in losses since the start of the war, according to a Times analysis of financial reports. Mr. Putin has squeezed companies for as much of that wealth as possible by dictating the terms of their departure.
He has also subjected those exits to ever-increasing taxes, generating at least $1.25 billion in the past year for Russia’s war chest.
.
.
.
Click the link below for the article:
.
__________________________________________
James' World 2 
Leave a comment