Russian Prosecutors Warn Western Companies of Arrests, Asset Seizures
Russian prosecutors have issued warnings to Western companies in Russia, threatening to arrest corporate leaders there who criticize the government or to seize assets of companies that withdraw from the country, according to people familiar with the matter.
Prosecutors delivered the warnings in the past week to companies including Coca-Cola Co. KO 0.07% , McDonald’s Corp. MCD 2.19% , Procter & Gamble Co. , International Business Machines Corp. IBM -0.31% and KFC owner Yum Brands Inc., YUM 0.38% the people said. The calls, letters and visits included threats to sue the companies and seize assets including trademarks, the people said.
Russian President Vladimir Putin last week expressed support for a law to nationalize assets of foreign companies that leave his country over its invasion of Ukraine. The prosecutors’ warnings were directed at companies across sectors, including technology, food, apparel and banking, the people familiar with the matter said.
https://www.wsj.com/articles/russian-prosecutors-warn-western-companies-of-arrests-asset-seizures-11647206193?mod=djemalertNEWS
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