Quote:
Originally Posted by jyl
#4 has been happening for years, as Putin has been seizing private Russian companies and handing them over to his cronies, and in a few cases has done that to Western joint ventures as well. With the exception of oil companies, Western companies have rather limited operations in Russia. If Exxon has to take a writeoff when Putin tears up their agreements in Russia, of all the McDonalds' restaurants in Russia get shut them down, or the VW factory in Russia is nationalized, the impact (beyond those companies and their shareholders) will be minor.
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It will freeze most foreign investment into the country. Long term, that will really hurt Russia.
Of course, you would have to have been stupid investing in Russia in the last 10 years...