Potanin: Time works against the Russian economy | News from Germany about Russia | DW

The head and largest shareholder of Norilsk Nickel, Vladimir Potanin, is against the expropriation of the property of foreign companies that have announced their withdrawal from Russia. He expressed this opinion in an interview with RBC, which the publication publishes on Saturday, March 12. Earlier, a short commentary by a businessman on this subject was provided by Norilsk Nickel’s Telegram.

“Confiscation – which, of course, in our country is associated with the year I mentioned in 1917 – is undesirable for us,” he said.

According to Potanin, the property can be absorbed by profile investors, bought out “by both Russian investors and foreign ones from those countries that are not going to break off relations with us.” “But it should be at some fair price and in a civilized, legitimate manner. This is also important from the point of view of the further functioning of these enterprises,” the head of Norilsk Nickel believes. According to him, “when peace reigns” in Ukraine, many of the foreign companies will return to Russia.

Potanin: “In a day” it will not be possible to replace the departed investors

At the same time, the businessman warned that “in a day” it would not be possible to replace the departed investors – including Turkish and Chinese ones. “There is a problem with the supply of components, and with air transportation, air transport. So let’s not flatter ourselves too much here and take it lightly,” the businessman stated.

“Time is working against us”

Vladimir Potanin believes that a global economic recession could be a consequence of large-scale sanctions against the Russian Federation. “Time in this sense is working against us, so we need to complete the solution of our problems as quickly as possible and enter into an equal dialogue with our partners,” he stressed.

Earlier, the Izvestia newspaper reported that a list of 59 foreign companies that are planned to be nationalized has already been sent to the Prosecutor General’s Office of the Russian Federation. Among them are Volkswagen, Apple, IKEA, Microsoft, IBM, Shell, McDonald’s, Porsche, Toyota, H&M and others.

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