Brief by Shorts91NewsDesk / 07:33am on 28 Feb 2025,Friday Business
Russia's state seizures of foreign firms' assets, including U.S. and European companies like Glavprodukt and Carlsberg, offer a stark warning to those considering returning under a potential Trump-inspired thaw in relations. These assets have been placed under "temporary management," yet many businesses, including Glavprodukt, report lasting losses and diminishing control. Moscow's intention to restore ties with Western firms remains uncertain, with no clear plan for returning assets. The Russian state's takeover strategy, which includes shifting ownership to regime loyalists, has thus far been damaging for the companies involved, with little chance of reversal.
