DECRYPTION – This bill, about to be voted on, aims to appoint “external” administrators at the head of Western companies, including French ones, tempted to leave Russia. With a risk, in the long term, of nationalizing them.
Ukrainian President Volodymyr Zelensky urged on Wednesday, before the French Parliament, French companies “Renault, Auchan, Leroy Merlin and others” to leave the Russian market, accusing them of being “sponsors of the Russian war machine”.
Read alsoGeoffroy Roux de Bézieux:French companies will comply with government instructions»
But while France is the first foreign employer in the country, and one of the first foreign investors in Moscow, this choice constitutes a real dilemma for French companies present in Russia. And this, even more so since Moscow has considered several legislative measures to dissuade any Western company from leaving the country.
Among these measures emerged, at the beginning of March, the threat of a “nationalization» assets of Western companies abandoning their facilities in Russia. As early as March 4, First Deputy Prime Minister Andrei Belousov declared that a variant of the accelerated bankruptcy procedure for foreign companies closing their production in Russia was under discussion.
On March 7…
This article is for subscribers only. You have 89% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for 1€ the first month
Already subscribed? Login