The skyscrapers of the Moscow Global Enterprise Centre, also recognised as “Moskva-Metropolis”, are witnessed just following sunset in Moscow, Russia July 12, 2018. REUTERS/Christian Hartmann/Files

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MOSCOW, March 4 (Reuters) – International firms that want to leave Russia will get quick-tracked individual bankruptcy protections or can hand their stakes over to nearby professionals till they return to Russia, 1st Deputy Key Minister Andrei Belousov stated on Friday.

Western sanctions imposed on Russia in punishment for its invasion of Ukraine have prompted dozens of world organizations to pause functions in the nation and some, such as electricity majors BP and Shell (SHEL.L) have claimed they will exit the region solely. examine more

The rapidly-keep track of banruptcy approach “will assist the work and social effectively-remaining of citizens so that bona fide business owners can guarantee the productive functioning of enterprise”, the govt explained in a assertion on Telegram.

Overseas companies could also simply just continue to be in Russia, Belousov additional.

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Reporting by Reuters
Editing by David Goodman

Our Criteria: The Thomson Reuters Believe in Principles.