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Russia-Ukraine war: Moscow to propose 10-year ban on foreign companies that don't return by May 1

Russia-Ukraine war: Moscow to propose 10-year ban on foreign companies that don't return by May 1

Zee News
Friday, March 18, 2022 10:38:48 AM UTC

Russian State Duma Deputy Yevgeny Fedorov has proposed a 10-year ban on the work of foreign companies that will not return to the country`s market until May 1

Moscow: Russian State Duma Deputy Yevgeny Fedorov has proposed a 10-year ban on the work of foreign companies that will not return to the country`s market until May 1.

A copy of the letter addressed to the head of the Ministry of Economic Development Maxim Reshetnikov was reported by RT.

The deputy recalled that a number of foreign companies have suspended their work in Russia, the provision of services to Russians and investments.

According to him, they plunged tens of thousands of citizens into a state of uncertainty about their future work and well-being.

"I ask you to evaluate the feasibility of determining the conditions for the return of these companies: to allow them to promptly restore their activities until May 1, 2022, or to impose a ban on commercial activities for a period of 10 years for those enterprises that do not wish to restore work in Russia before the proposed date," stated in the appeal.

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