Wednesday, May 25, 2022

It’s the last chance to save not your reputation: Ukraine FM

Ukraine’s foreign minister has said Russia’s new law to allow the government to appoint new management of foreign companies that pulled out of Russia made it even more imperative for foreign companies remaining in the country to leave.



“It’s the last chance to save not only your reputation but your property,” Dmytro Kuleba said in a statement.

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The Russian parliament has given preliminary approval to a bill that would allow the government to appoint new management of foreign companies that pulled out of Russia.

According to state news agency Tass, the new law would transfer control over companies that left Russia because of “anti-Russian sentiment in Europe and the US”. Tass said foreign owners would still be able to resume operations in Russia or sell their shares.

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