Russia's parliament is not expected to begin a debate on a law to nationalize the assets of foreign companies earlier than May, Vedomosti reported.

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A number of Western companies have temporarily or completely ceased operations in Russia following its invasion of Ukraine in late February.

This has prompted Moscow to threaten expropriation if these foreign companies do not resume operations in the country by May 1st.

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According to a bill previously introduced by the ruling United Russia party, Western companies will be able to regain control of their assets as soon as they resume operations in Russia, while nationalization will apply only in exceptional cases.

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Russia-Ukraine war