Don’t Take Russia Back to 1917, Russian Metals King Potanin Warns

Don’t Take Russia Back to 1917, Russian Metals King Potanin Warns
President and Chairman of the Board of MMC Norilsk Nickel Vladimir Potanin attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia on June 6, 2019. Maxim Shemetov/File Photo/Reuters
Reuters
Updated:

LONDON—Confiscating the assets of companies that have fled Russia since the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days of the 1917 Bolshevik revolution, metals magnate Vladimir Potanin has said.

Potanin, president and biggest shareholder of Norilsk Nickel, the world’s largest producer of palladium and refined nickel, said Russia should respond with pragmatism to its exclusion from swathes of the global economy.