Russian State Duma prepares a ban on brands that supported the Armed Forces
27 February 06:25
The State Duma of the aggressor country, Russia, is considering a bill that would ban the activities of foreign companies that have financially supported the Armed Forces of Ukraine (AFU). This was reported by Komersant ukrainskyi with reference to Russian media.
The initiative was introduced by members of the New People faction, emphasizing the need to protect Russia’s economic interests.
The amendments are proposed to be made to the law “On Foreign Investments in the Russian Federation”. According to the explanatory note, the restrictions will affect not only companies but also other organizations whose activities are recognized as threatening to the country’s security.
The authors of the draft law, citing various sources, state that from 2022 to 2025, some governments, private companies and foundations have provided Ukraine with $300 to $500 billion in financial assistance. At the same time, in light of possible negotiations between Russia and the United States, reports of foreign companies returning to the Russian market have begun to appear. However, MPs believe that the activities of some of them contradict the security interests of the Russian Federation.
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Russia is not waiting for foreign companies that have left the aggressor country “with open arms,” said Anton Alikhanov, head of the Ministry of Industry and Trade, adding that they will have to “pay” for “their behavior,” among other things. The Russian minister also emphasized that the domestic industry has gained huge opportunities for its development after the departure of foreign firms.
At the same time, Kremlin spokesman Dmitry Peskov said that the return of Western companies on a competitive basis is a normal process. He emphasized that competition can be beneficial for consumers, providing them with a wider choice of goods and services.
Earlier it became known that the Russian Union of Shopping Centers (RSC) sent letters to Uniqlo, H&M and Inditex (owns Zara, Massimo Dutti, Bershka, Oysho, Pull & Bear brands) with a proposal to resume cooperation. The Association expressed its readiness to facilitate dialogue, resolve logistical issues and support the smooth reintegration of these companies into the Russian market.
