Companies turn their backs on Russia: ‘Especially afraid of losing money’

Companies turn their backs on Russia: ‘Especially afraid of losing money’

“Money can no longer exist”

But there’s another important and perhaps even more important reason, he says. “The Russian economy is on the brink of collapse,” he says. Companies are actually afraid of losing money because the Russian government is taking measures to prevent them from taking their money out of Russia.

“And therefore it cannot serve its shareholders. There is a lot of personal interest in this decision.” said.

Earn less in Russia

According to the expert, companies such as IKEA are also faced with all kinds of logistical problems due to the sanctions, making it more difficult for them to bring their goods to or from Russia. It allows you to “pause” any kind of on-site editing. But they also know that there is little to gain in Russia at the moment,” he says.

According to Smeets, Russia is heading for bankruptcy. The Kremlin has declared a real moratorium on bankruptcies; this in fact means that companies cannot (cannot) go bankrupt and are protected against, for example, foreclosures. “It’s pretty ridiculous. That is how the bill is pushed forward.”

Source: RTL

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