April 16, 2024

Athens News

News in English from Greece

The Russian prosecutor’s office will “tightly control” the departing foreign companies

In response to the mass exit of foreign companies from Russia, the latter begins to strictly control the fulfillment of their obligations.

The Russian Prosecutor General’s Office said in a statement that any attempt by companies leaving Russia to “fail to fulfill their obligations unilaterally” would be “strongly suppressed.” Failure to meet obligations threatens legal prosecution of companies that have chosen the path of bankruptcy, “fictitious or deliberate.”

“Strict control” of foreign companies is being introduced, which announced the termination of their activities in the Russian Federation in connection with the Russian invasion of Ukraine, writes CNN. The Attorney General’s statement reads:

“Prosecutors will exercise strict control over compliance with labor legislation, the terms of employment contracts, the payment of wages, the fulfillment of contractual obligations to the parties and to the Russian Federation.”

After the start of Russia’s special operation in Ukraine, many companies announced the termination of their activities in the territory of the Russian Federation, including McDonald’s, Coca-Cola, H&M, Ikea, Shell, BP and others.

Vladimir Putin yesterday, without uttering the word “nationalization”, spoke about the appointment of “foreign” commanders at the head of foreign companies leaving Russia “to hand them over to those who want to manage them.”

Hundreds of thousands of jobs in Russia are at risk as Western sanctions on Russia’s financial system and industry threaten to plunge the country into a deep economic crisis. They have already caused the collapse of the ruble and the acceleration of inflation.

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