Source link : https://london-news.net/russian-executives-urge-putin-to-reform-aggressive-nationalization-policies-amid-economic-strain/
Russian business leaders have urged President Vladimir Putin to take action against a surge in state asset confiscations that have impacted factories, ports, and major companies valued at over 4 trillion rubles ($43 billion), as reported by the business daily Kommersant.
During their annual end-of-year meeting with the president, the executives presented Putin with a letter detailing their concerns, according to Alexander Shokhin, president of the Russian Union of Industrialists and Entrepreneurs (RSPP).
Shokhin mentioned that they had previously discussed these issues with Putin during a 2023 meeting. Although Putin recognized the problem and stated it required attention, no tangible actions have been taken since then.
“We have now provided him with a letter and are looking forward to a resolution,” Shokhin commented. “We seek a definitive formula that leaves no room for judicial interpretation.”
He highlighted that business leaders are particularly worried about how alleged violations of “intangible rights and freedoms,” like the right to a decent standard of living, are increasingly being cited as justification for nationalization.
“Currently, the simplest way to deprivatize an asset is to claim that citizens’ rights to a decent life are being infringed upon,” he explained. “This is seen as a public interest that the state can protect even if there is no personal claim of harm, allowing for state takeover of property without…
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Publish date : 2025-12-28 12:05:00
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