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Foreign companies that are currently leaving Russia to be urgently driven to bankruptcy

... international brands and foreign firms hastily began to leave Russian market . Some companies have suspended their activities. Many cite currency volatility, difficulties in banking due to sanctions, and risks associated with logistics. According to Andrey Belousov, the First Deputy Prime Minister of the Russian government, many foreign corporations are forced to leave the market, as they face pressure from the regulators. Such pressure, as a rule, has a political motivation, and it is quite difficult to ...

A NEW LAW ON BANKRUPTCY MIGHT BE ADOPTED IN SPRING

According to the First Deputy Prime Minister Andrei Belousov, the draft law on bankruptcy might be adopted as early as this spring - it will be a revolutionary one. The official indicated that the imminent adoption of the law was the instruction of the president, which now needs to be implemented. The ...

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