Reported about 12 hours ago
In a move reflecting growing tensions, Russia has taken control of several Western-owned companies, including U.S.-based Glavprodukt, signaling a warning for businesses considering re-engagement amid hopes for improved US-Russia relations. Despite speculation of lifted sanctions under a potential Trump administration, the Russian government's method of 'temporary management' has led to operational failures and asset devaluations for those affected. As Western firms remain hesitant to return, Russia's actions raise significant concerns about the safety and viability of investments in the country.
Source: YAHOO