© Pavel Bednyakov/POOL/TASS
Bloomberg: Putin Orders New Rules for Defense Firms in Case of Martial Law
Russian President Vladimir Putin signed a decree Friday laying out new rules for tightening control of companies that fail to fulfill defense contracts in the event martial law is imposed, the latest step in the Kremlin’s preparations for militarizing the economy as its invasion of Ukraine stretches into a second year.
Under the decree, the state would get the power to take over firms that fail to meet their obligations under military contracts during the period of martial law, suspending the rights of owners and shareholders.
A government working group is to be set up on the operations of arms companies under martial law, according to the order, the text of which was published Friday.
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Update: Putin amends law to ensure state defence orders are properly met (Reuters)
WNU Editor: It is a war economy right now in Russia. This decree only reinforces it.
If the US and Euro were serious about facing the Russians or Chinese, they would be doing the same thing.
ReplyDeleteFor those of you who want war..
Well you do not have the capability to wage it. You better call your congressman to increase your taxes in order to buy more armaments and open all those Ammo plants and Ammo depots we closed after the Cold War.
BTW word to the wise in this rat screwed economy, where temp shortages now happen. You can rest assured we will go to some kind of rationing. but you go ahead,
"Under the decree, the state would get the power to take over firms that fail to meet their obligations under military contracts during the period of martial law, suspending the rights of owners and shareholders."
ReplyDeleteBrilliant move, President Putin. We all know how successful governments are in running private enterprises!
taking over a private company by the government will make it more efficient? How about telling the private company, if you meet time expectations, you will be granted a bonus that must be shared with the workers. Everybody will pick it up a notch without any coercive force or dipshit government administrator pissing everybody off.
ReplyDeleteI love it, when russians (7:13) start concern trolling.
ReplyDelete