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ARTICLE · 21 APRIL 2022

Russia Cannot Be Known By The Mind

Castrén & Snellman
Castrén & Snellman
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Castrén & Snellman

Castrén & Snellman

Castrén & Snellman is a law firm of 300 people based in Helsinki, Finland. In other parts of the...

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International and Finnish companies are in a tight spot. Investments in Russia are a problem and companies with significant presence on the Russian markets have seen their stock prices falling.

European UnionCorporate/Commercial Law

International and Finnish companies are in a tight spot. Investments in Russia are a problem and companies with significant presence on the Russian markets have seen their stock prices falling. The situation is very difficult. These companies face strong pressure from stakeholders, such as consumer boycotts. More and more have decided to withdraw from Russia for good or seriously consider leaving the country.

At the same time, Russia has started to take strong measures against foreign companies' plans to shut down production in Russia. There is a risk that foreign companies must sell off their assets and investments at rock-bottom prices. Another risk comes in the form of threat to nationalise businesses. A number of foreign owned companies, some Finnish among them, are of such importance for the Russian economy that they have already been mentioned by the name in the discussions around possible nationalisation. These firms have been operating successfully in Russia

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