Russian Croissant warns Putin: Keep your hands off our property – Do not take us back to 1917

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Russia’s richest businessman has warned the Kremlin not to seize corporate assets in the wake of the invasion of Ukraine, saying such a move would push the country back more than 100 years.

Vladimir Potanin, president of the Norilsk Nickel (NILSY) metal giant and its largest shareholder, said Russia was in danger of returning to the turbulent days of the 1917 revolution if it closed the door on Western companies and investors. He urged the Russian government to be extremely careful about confiscating its assets.

“First, we would go back a hundred years, to 1917, and we would experience the consequences of such a step – the global distrust of investors by Russia – for many decades,” he told the Telegram.

He added that the decision of many companies to suspend their activities in Russia is somewhat emotional and may have been taken as a result of unprecedented pressure from public opinion abroad.

Potanin is the richest man in Russia, with a fortune of $ 22.5 billion, according to Bloomberg, despite losing about a quarter of his fortune this year as Norilsk Nickel shares collapsed.

The company’s shares lost more than 90% in London trading before being suspended this month, despite rising prices for its commodities.

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