Putin’s message can hit Swedish companies hard

Putin’s message can hit Swedish companies hard

A decision that could severely damage many Swedish companies.

Swedish companies can be nationalized

Many large Swedish companies have left Russia. Putin’s list of the top 10 large companies whose assets could be nationalized and disposed of includes Ikea, Volvo and H&M, according to a DI report.

Russia’s state-controlled newspaper Izvestia reported that 59 other companies on the Russian list could be taken over by Russia and provide “offshore management” of the companies’ assets.

Putin’s words

Russia’s dictator made the proposal at a televised meeting of digital government.

“We will find a legitimate way to implement this,” Putin was quoted by the BBC as saying.

The proposal is seen as an attempt to improve the country’s severely stressed economy.

It will provide jobs

“This will prevent bankruptcy and create jobs,” the ruling United Russia party wrote in a statement on Telegram, according to Reuters.

And the party announced, on Wednesday, that the first step in the process had begun.

Continue to export gas and oil

At the same time, Russia asserts that it will continue to export gas and oil, including through Ukraine. According to the Russian dictator, Western sanctions hit the United States and Europe back.

– Their prices go up, but it’s not our fault. It is the result of their miscalculation. There is no reason to blame us, AFP reported.

Global oil prices have risen since Putin’s decision to invade Ukraine.

Food prices can rise around the world

Putin also claims that sanctions against Russia are driving up food prices in the world, as Russia is one of the world’s largest exporters of fertilizer.

Putin stressed that if Western sanctions continue to create problems for the financing and delivery of Russian goods, they will “affect the final product.”

Sanctions will strengthen Russia

The meeting concluded by commenting on Western sanctions against the country. The dictator believed that sanctions were inevitable and that Russia would be stronger through them.

– I do not doubt that these sanctions would have been applied in one way or another as they have been for many years, he said, according to the Russian news agency Interfax, and added:

The economy will undoubtedly adapt to this new situation.

Foto: Russian President Rep c. sung

Text: Editors