Russia's threatening to confiscate the assets of foreign companies that leave Russia.


Sure they can do that. Then the US and Britain can use the $350 billion in frozen Russian government foreign currency reserves to compensate those companies.

Then they can sell the frozen assets of Russian oligarchs and confiscate the foreign assets of Russian companies.

That will leave Russia with a bunch of businesses which are mostly dependent on technology, parts and key personnel from overseas. Also, no foreign investor, including those from countries not currently sanctioning Russia will invest in Russia for the next 20 years. Because, sure, today it's the US and EU but are you if you run an Indian or Chinese firm are you going to take the risk that Putin won't fall out with the Indian or Chinese governments next?

But, hey, Putin's being gradually renationalizing the Russian economy for years - mainly by having listed but majority-state owned banks and energy companies buying up the leading companies in every sector of the Russian economy. So now he'll also own 850 McPutin's branches.

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