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Apple, Microsoft, Starbucks, Coca-Cola and other 60 giants sanction Russia, Medvedev: will implement sanctions against Russia company "asset nationalization"

author:National Business Daily

Per Editor: Li Zedong

According to the latest news from CCTV News, on the 10th local time, Medvedev, vice chairman of the Security Council of the Russian Federation, said when talking about the large-scale withdrawal of foreign companies from the Russian market that the government is studying countermeasures, including measures such as bankruptcy and nationalization of the assets of the evacuated foreign companies.

In addition, Pavlov, head of Russia's "Social Consumption Initiative" organization, said on the 9th that foreign companies and their responsible persons who entered the Russian anti-sanctions list will face risks such as account freezing.

He also suggested that the Russian government nationalize the assets of About 60 companies, including McDonald's, IKEA, Apple, Volkswagen, Microsoft, Toyota, etc.

Apple, Microsoft, Starbucks, Coca-Cola and other 60 giants sanction Russia, Medvedev: will implement sanctions against Russia company "asset nationalization"

Image source: Visual China VCG111372500537

According to a report by China News Service on March 9, since the outbreak of the Russian-Ukrainian conflict, Western countries have imposed sanctions on Russia in the economic, scientific, technological, cultural and other fields. The United States, Canada and many European countries have successively announced a series of increasingly stringent sanctions against Russia, and multinational companies in various fields have also joined the ranks of sanctions against Russia in addition to governments.

According to CNN statistics, not only large energy companies such as Shell and ExxonMobil have announced that they have begun to withdraw from their joint ventures in Russia, but also aviation giants such as Boeing and Airbus have announced the suspension of support services for Russian Airlines. A number of credit card organizations, such as the Visa Company and MasterCard, have also announced the suspension of operations in Russia, and even the Walt Disney Company and Warner Bros. Entertainment have announced the suspension of the release of their theatrical films in Russia.

In terms of technology, multinational technology companies such as Apple, Microsoft, and Intel have successively announced that they will stop selling products and services in Russia, and Companies such as Google and Twitter have blocked or restricted the content released by Russian media such as the Russian Satellite News Agency and "Russia Today" TV on their own platforms.

Apple, Microsoft, Starbucks, Coca-Cola and other 60 giants sanction Russia, Medvedev: will implement sanctions against Russia company "asset nationalization"

Image source: Visual China VCG111333071578

(Statement by the Finance Ministers of the Group of Seven: Preparing to impose collective economic and financial sanctions on Russia)

According to CCTV news, on March 8, local time, the US restaurant chain McDonald's announced that it would temporarily close 850 stores in Russia, according to the Securities Times, on the same day, Starbucks and Coca-Cola also announced the suspension of business in Russia.

Apple, Microsoft, Starbucks, Coca-Cola and other 60 giants sanction Russia, Medvedev: will implement sanctions against Russia company "asset nationalization"

Image source: CCTV News Premier League Chelsea club owner Abramovich (infographic)

According to CCTV news, on March 10, local time, the British government froze the assets of The Russian boss of the Premier League Chelsea club, Abramovich, in the UK, which means that the sale of Chelsea will also be suspended.

The British government announcement announced that all of Abramovich's Uk assets had been frozen and chelsea could still be franchised as normal, but the sale of the club would be suspended.

According to the Russian Satellite News Agency, citing relevant statistics, from 2014 to the 7th of this month, Russia has received a total of 5532 sanctions, becoming the country with the largest number of sanctions in the world.

Daily Economic News comprehensive CCTV news, China News Agency, public information reports

Daily economic news

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