U.S., EU, G7 plan to revoke Russia's most favored trade status as White House warns Putin may seize companies' assets
Headline from CBS News
Word of the plan emerged as the White House warned Moscow may seize the assets of U.S. and international companies that are pulling out of or suspending operations in Russia.
CBS News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Word of the plan emerged as the White House warned Moscow may seize the assets of U.S. and international companies that are pulling out of or suspending operations in Russia.
"Any lawless decision by Russia to seize the assets of these companies will ultimately result in even more economic pain for Russia," the White House said.
The growing exodus of Western firms has upset Russian consumers, while authorities are weighing up the possibility of temporarily taking over firms with large shares of foreign ownership. We take a c…
