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Reuters
Reuters
Business

Russia not interested in nationalising foreign enterprises, says minister

Russian Industry and Trade Minister Denis Manturov attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 4, 2021. REUTERS/Evgenia Novozhenina

Moscow is not interested in nationalising foreign-owned enterprises operating in Russia, Trade and Industry Minister Denis Manturov said on Friday, in comments likely to provide only limited reassurance to Western businesses.

Many Western and other foreign companies decided to quit Russia after it invaded Ukraine, while Moscow has been working on a law to allow the state to seize assets of firms that go.

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