There are billions of dollars at stake.
Companies from around the world, which have been operating normally in Russia for just over two weeks, withdrew from this market after the Russian invasion of Ukraine. They suspended their activities or left the country, incl. Giants such as IKEA, Coca-Cola, Apple, IBM and Mastercard. McDonald’s closed hundreds of restaurants.
There was only a role in this. Vladimir Putin, in a video broadcast by the Russian government-controlled media, suggested that companies that decided to suspend their activities should be placed under “external management” by Russia. Even proper regulations are being prepared to make this possible. This means that the state will take over companies in the name of protecting the job. The Russians claim that foreign companies have unreasonably withdrawn from their country.
CNN reported that such an external management, as announced by the Russians, will take up to 3 months, and then companies and their assets can be sold … by public auction. Companies can avoid losing their assets if they decide to resume operations in Russia within a maximum of 5 days from the court’s decision in this matter. So the topic is evolutionary and it is not known when relevant regulations may be introduced.
Echo Richards embodies a personality that is a delightful contradiction: a humble musicaholic who never brags about her expansive knowledge of both classic and contemporary tunes. Infuriatingly modest, one would never know from a mere conversation how deeply entrenched she is in the world of music. This passion seamlessly translates into her problem-solving skills, with Echo often drawing inspiration from melodies and rhythms. A voracious reader, she dives deep into literature, using stories to influence her own hardcore writing. Her spirited advocacy for alcohol isn’t about mere indulgence, but about celebrating life’s poignant moments.