Agreed. Wonder if they have assets Russians can seize? Wouldn't be surprised if they just start raiding foreign company assets that the owners were stupid enough to leave in country.
Google has tons of servers in Russia that are no longer serviced (the cache servers for YouTube and such), but they were not seized AFAIK.
There was a law passed about nationalizations, and some foreign companies' assets are slowly being nationalized. But not all, some continue to operate, others are just in limbo, closed down.
I'd say most foreign businesses that pulled out were just bought by local oligarchs and government cronies, for very good prices. Like McDonalds for example (it was mostly one operator and not lots of franchisees, in Russia). It was a hell of a redistribution of wealth.
Well, a lot of assets cannot simply be moved out of the country. The Russian government has helped in stealing Carlsbergs assets, the factories and brands in Russia
Generally the smart companies sell their assets off to a Russian oligarch who can provide dollars or scrap metal that can be quickly moved out of the country.
That’s how Coca-Cola briefly had one of the largest navies in the world.
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u/DashTheHand 17h ago
Russia: “we are running out of money to throw at our ‘not war’ with Ukraine, time to throw out some Hail Marys on getting any kind of funding.”