Economic sanction’s are hurting the country, just like gas/oil prices are in the West….
Russia is now talking about nationalizing Westen businesses after they close down for an extended period of time…
Thes companies will lose their asets in Russia….
It is unkown how Russia woulkd resupply some of them which only deal with products from the West…
Japanese clothing retailer Uniqlo and U.S. chain Victoria’s Secret also joined the list by announcing they will temporarily close Russian stores, prompting long lines as shoppers queued for what might be their last chance for months to purchase the goods. Similar lines have formed at Ikea, McDonald’s and other departing companies as Russians grow anxious about losing access to consumer products….
Putin’s remarks are another sign of the economic distress hitting Russia in the wake of unprecedented Western sanctions. The ruble has lost more than 40 percent of its value since the invasion began two weeks ago, prompting Russia’s central bank to restrict trade of the currency to try to halt its fall.
The central bank this week also placed limits on withdrawals from foreign-currency accounts as Western sanctions limit the nation’s supply of dollars and euros, prompting Russians to form long lines at banks to try to withdraw their hard-currency savings….
Econmic warfare increases….
The effect of losing patent protections will vary by company, experts say, depending on whether they have a valuable patent in Russia. The U.S. government has long warned of intellectual property rights violations in the country; last year Russia was among nine nations on a “priority watch list” for alleged failures to protect intellectual property. Now Russian entities could not be sued for damages if they use certain patents without permission….