DMG Mori opened a factory in Ulyanovsk, Russia, a year after Russia's invasion of Crimea. Less than nine years later, the Russian government took control of the plant.
DMG Mori had secured itself from the federal government by means of an investment guarantee before the plant was even built. The Russian expropriation creates a new level of escalation in the economic conflict with Germany.. Just a few weeks ago, Germany planned to expropriate a major Russian corporation. Now Russia is getting serious. A mechanical engineer gets caught between the two fronts. In addition, the European Union is currently looking for ways to confiscate billions of dollars in frozen Russian assets. It remains to be seen what will be seen the Western reaction to Russia's reaction to the West's sanctions against the country.. The difference between expropriating a corporation and confiscating assets is ultimately against the time being being being spent against expropriations, says Federal Economics Minister Robert Habeck (Greens)