Russia’s economic war with the west moves to a new frontline
Financial Times
23-05-16 15:19
Russia has entered a “dangerous new stage” of its economic conflict with the West following its legal framework for the temporary nationalisation of foreign assets in Russia, according to Mark Galeotti, a non-resident scholar at Carnegie Russia Eurasia Center. Galeotti suggests that the Kremlin is likely to offer a personalised approach to each affected foreign stakeholder, benefitting certain interest groups within Russia while stoking divisions in the West. Projects worth billions of dollars and requiring years of work to complete are consequently at risk, with a range of western companies likely to lose their investments in Russia as a result.