Russia poses to seize technology and equipment of Companies who leave

Revelations 6:3-4 “ when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Russia says it could seize assets Western companies leave behind
  • Dozens of American, European and Japanese companies from almost every sector of the economy have abandoned joint ventures, factories, stores and offices in the last two weeks in response to Russia’s invasion of Ukraine and the ensuring sanctions.
  • The exodus of companies includes iconic consumer and tech brands such as McDonalds (MCD), Coca-Cola (COKE) and Apple (AAPL), as well as leading Big Oil groups such as BP (BP) and Shell (RDSA).
  • The Russian government earlier Thursday issued a list of goods and equipment previously imported Russia that companies would be banned from transferring out of the country.
  • The list includes over 200 items, including “technological, telecommunications, medical equipment, vehicles, agricultural machinery, electrical equipment”

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