Russia seizes control of Italian and German businesses in fresh blow to EU

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Russia is locking horns with Italy and Germany as Vladimir Putin eyes more EU company takeovers. The Kremlin has declared the “temporary external management” of Russian branches of Italian firm Ariston and German giant BSH Hausgeraete.

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President Putin has put his signature to the decree, framing it as a necessary countermeasure to what he views as hostile acts by the United States and others against Russian property interests. Ariston has been taken aback by the sudden seizure, indicating that the move came without any forewarning, reports the Express.

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www.msn.com/en-us/money/companies/russia-seizes-control-of-italian-and-german-businesses-in-fresh-blow-to-eu/ar-AA1nZ9kr

Only the start…

Just wait and see what happens if the US transfers frozen Russian assets to Ukraine.

It will be economic Armagedón

 

AC

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