US condemns reports that russia may seize western firms’ assets

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The White House has commented on reports in the past 24 hours that Moscow is considering seizing the assets of Western firms that have left the country
White House Press secretary Jen Psaki has warned, in a series of tweets, that such a “lawless” move from Russia would damage its business reputation in the long run. “It will compound the clear message to the global business community that Russia is not a safe place to invest and do business,” she said.
Every day, we’re seeing more and more firms exiting Russiain protest of its invasion of Ukraine. McDonalds, Western Union, Goldman Sachs, JPMorgan Chase and Warner Music have all signalled that intention recently.
All of these businesses have offices, buildings, factories, storefronts in Russia – these could all be forcibly taken by the state if the reports about Moscow’s intentions are right

 

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