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Tuesday 17.10.2017 | Name days: Karīna, Gaits

Russia calls to halt economic activities of companies from EU, USA and other countries

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAlthough Russia is nearing a full economic crisis, there are politicians in Moscow who are prepared to worsen the already critical situation. Three deputies of the Russian State Duma have submitted a draft to the parliament that defines so-called aggressor states and measures that should be taken in order to defend Russia’s economy and market.

Authors of this initiative believe aggressor states are the ones that have introduced sanctions against Russia – Europe, USA and others. Russian parliamentarians with to deny companies and people from these countries the right to work in Russia, according to Nekā personīga programme of TV3.

Deputy of the ruling party United Russia Yevgeny Fedorov is a passionate supporter of Vladimir Putin. He often attends local media programmes and actively encourages Russian residents to stand against the west. Fedorov believes Russia has lost its sovereignty since the beginning of the ‘90s and has since been a colony of USA. American advisers, according to him, have completely overwritten Russia’s constitution. This is why it should be changed.

«What is the function of the American ambassador? He sits and puts cookies in front of his people, fills in tables and confirms which tasks have been completed. He receives reports for Russian ministers regarding preparations for Maidan. This is his function! This is his specialty. They [Americans] work in order for there to be a crisis [in Russia],» – believes Fedorov.

He and three of his associates had submitted a new draft to the State Duma at the beginning of December. Its goal is to protect Russia’s national economy and internal market from aggressor states. This is about Europe, USA and other countries that have introduced sanctions against people close to Putin and a number of different major Russian companies. Russian parliamentarians want to make sure companies registered in European countries and their citizens are denied to work in Russia.

The politician wants to turn against specific international companies present in Russia. He is serious the most about foreign auditor and consultancy companies, which have basically monopolized the Russian business. Authors of the initiative are concerned that these companies are too in-depth in the Russian economy and perform audits at strategically important companies.

Authors of the draft also believe foreign auditors work in the interest of their governments. This is why they are able to compile audit results of Russian companies in order to damage Russia’s interests.

This initiative has caused uproar from Putin’s enemies not only in Russia. Among them are the Institute of Modern Russia – an NGO based in New York. It warns that this law can cause catastrophic consequences for Russia’s economy. This means that if foreign companies leave the Russian market, even more foreign investors could turn away from Russia.
Editor of The Insider Roman Dobrohotov says the left-wind Fedorov does not have an authority among the Russian political elite. «I am completely certain that this draft has no chances to get through the parliament. At the same time, however, there may be restrictions in terms of finances. Our [the President’s] administration and parliaments will try to introduce some measures in order to improve the situation after the decline of our national currency,» – he comments.

Researcher of the Eastern European Political Research Centre Maris Cepuritis says calling the EU, USA and other countries aggressors is nothing new. «The use of the term aggressor is aimed to demonstrate that Russia is constantly in danger; that there is a constant risk of attack from outside and that Russia stands in defence. This is planned for internal consumption in order to mobilize society against some mystical and invented enemy,» – says Cepuritis.

If this draft is approved and comes into force, the Russian government will be authorized to limit economic activities of any foreign business present in the country.


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  1. Linda says:

    Does that mean if “foreigners” in Russia have to leave their workplaces etc the Russian citizens residing in Europe and the other states opposed to Russian aggression will be leaving their residences; workplaces, and so on. More vacancies for host nation citizens then! And lower house purchase prices. Happy New Year Russian citizens.

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