Russia Ukraine war, page-7444

March 9 (Reuters) - Russia's ruling party, United Russia, said on Wednesday that a government commission had approved the first step towards nationalising assets of foreign firms that leave the country in the wake of economic sanctions over Ukraine.

United Russia added in a statement on the Telegram messaging app that the commission on law making activity had supported a bill allowing for firms more than 25% owned by foreigners from "unfriendly states" to be put into external administration.

"This will prevent bankruptcy and save jobs," it said.

https://www.reuters.com/business/russia-approves-first-step-towards-nationalising-assets-firms-that-leave-ruling-2022-03-09/

I was wondering when that was going to happen. Smart move.