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Russia prepares to seize western firms looking to leave

13 Sept 13:21 Key points summarised by AI

Russia is advancing a new law to seize control of local businesses belonging to Western companies attempting to exit the country in the wake of the Ukraine invasion.
This legislation grants Russia sweeping powers to intervene, citing threats to local jobs or industries, making it significantly harder for multinationals to disentangle themselves quickly without incurring substantial financial losses.
The law targets firms from "unfriendly" countries (those that have imposed sanctions on Russia) and allows for state-appointed administrators to manage or even sell confiscated businesses, intensifying pressure on remaining Western companies and further isolating Russia from international investors.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.