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Bangkok Post
Bangkok Post
World

Russia proposes nationalising foreign-owned factories that shut operations

Russia Ukraine Kremlin
Ukrainian refugees rest in the regional assistance centre at the Prague Congress Centre on Monday in Prague, Czech Republic. (Photo: AFP)

COPENHAGEN: A senior member of Russia's ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine.

Several foreign companies including Toyota, Nike and home furnishings retailer IKEA have announced temporary shutdowns of stores and factories in Russia in order to put pressure on the Kremlin to stop its invasion of neighbouring Ukraine.

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