Foreign companies, including energy firms, which are ditching Russia will be considered pushing their Russian subsidiaries to “deliberate bankruptcy,” which under Russian law includes criminal prosecution for top managers, Upstream reported on Friday, quoting Russian Deputy Prime Minister Andrey Belousov. Under Russian law, deliberate bankruptcy resulting in damages of over 1.5 million Russian rubles ($13,300 as of March 4) carries a criminal liability. The companies leaving Russia will get fast-track bankruptcy protection, or they transfer their stakes to local managers until they return to Russia, according to a Reuters summary of Belousov’s latest comments. Many international companies, including oil majors, have announced they would end their involvement in Russian projects and Russian companies in recent days over the Russian invasion of Ukraine. BP was the first to announce it would divest from Russia. In just a few days, many other Western oil majors followed suit. BP said on Sunday […]