With sanctions against Russia, Europe has trapped its own entrepreneurs
Kyiv, April 03 (Navigator, Olga Nikolaeva) – European investors who have their shares in companies in Russia are automatically subject to EU sanctions.
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In particular, Reuters cites the example of the Polish company Elektrobudowa, which is engaged in the construction of power plants and was interested in purchasing its partner from a Russian company, which is jointly owned.
However, now the Poles have a problem due to the fact that the partner company belongs to the Crimean politician Alexei Chaly, who refused to be included in the “black list” of EU sanctions.
The Finnish retailer Stockmann, which planned to open its department stores in several Russian cities, had to freeze its project because of Crimea.
The agency notes that “many Western investors and their banks are facing similar difficulties following the introduction of targeted sanctions by the EU, the US and some other countries.”
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