Klishas named alternatives to the nationalization of foreign companies

Foreign companies that leave Russia may be limited in their property rights, and their assets may be blocked, Andrei Klishas, ​​Chairman of the Federation Council Committee on Constitutional Legislation, believes, RIA Novosti reports.

“In relation to foreign companies from unfriendly countries that leave Russia, not only measures such as nationalization, but also restriction of property rights, a ban on voting by blocks of shares in subsidiaries, blocking of assets and other measures can be applied,” Klishas said. .

Answering a question from RBC about how the issue with foreign companies with blocks of shares will be resolved, Klishas said that this would be possible “through granting the government the rights to make such decisions and transferring all rights to manage shares under its control”

On March 9, the Government Commission on Legislative Activities approved a package of measures to support the Russian economy in the face of sanctions, which, among other things, provides for "the first step towards the nationalization of the property of foreign companies." The initiative to nationalize such companies was put forward by United Russia.