From Yahoo Finance: 2025-03-28 08:17:00

Putin initially seized assets of Western companies in Russia, but a recent decree has returned control to Italian firm Ariston. Western companies have faced $167bn in losses due to Russian invasion, sparking corporate exits and asset seizures. Analysts warn Putin may use Western assets as bargaining chips in Ukraine peace talks.

Some Western businesses are considering returning to Russia, like Renault, while analysts caution about Putin’s tactics. European and US sanctions have frozen $300bn in Russian assets abroad, leading to fines and legal battles like Austria’s Raiffeisen Bank International. Putin may use asset returns to divide European countries.

Putin’s response to Western sanctions post-invasion led to $167bn losses for foreign firms in Russia. Companies like Danone and Carlsberg had assets seized and faced high exit fees. Transactions require lengthy approvals and high fees, making it difficult for businesses to leave Russia. Western firms are fighting back against Putin’s tactics. German oil and gas producer Wintershall Dea initiates arbitration against Russia after being removed from five Russian joint ventures. Finnish energy company Fortum also pursues arbitration for assets seized by presidential decree. Western businesses eye potential opportunities in Russia after US secretary of state hints at resuming economic ties. Hedge funds explore investments in Russian stock market for peace deal potential.

Read more: Putin stole their businesses, but now they want them back