VEB and DIA will be allowed to take over the management of companies leaving Russia

10 марта 2022, 10:49
The Ministry of Economic Development has developed a bill according to which foreign companies will not be able to quickly leave the Russian market. If the document is adopted, VEB.RF and the Deposit Insurance Agency (DIA) will be allowed to take control and “repackage” the business.

It will also be allowed to sell the company at a public auction. If no one expresses a desire to purchase, the state will become the buyer.

Thus, the government intends to respond to the mass exodus of foreign companies in connection with the anti-Russian sanctions imposed. Earlier, First Deputy Prime Minister Andrei Belousov indicated that an accelerated bankruptcy procedure for such organizations is also possible.

Earlier, the Ministry of Economics proposed the prompt introduction of external management to foreign companies that are going to leave the Russian Federation. The department considered that the interception should take place if the companies simultaneously meet two conditions: they are more than 25% owned by foreign persons from unfriendly states, and the balance sheet value of assets, according to financial statements as of the last reporting date, is more than 1 billion rubles, and the average number of employees is over a hundred people.

Earlier, the first deputy chairman of the Federation Council, Andrey Turchak , proposed "to nationalize the production of foreign companies that have announced their withdrawal from Russia".

#Crisis #Общество #Finances #News #Ministry of Economic Development #Russia #Economy #Situation #Ministry of economics #VEB #Deposit Insurance Agency (DIA)
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