Putin's threatened response to companies ditching Russia may cause 'even more economic pain,' Psaki warns

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Putin's threatened response to companies ditching Russia may cause 'even more economic pain,' Psaki warns
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After Russian President Vladimir Putin floated the idea of nationalizing companies that refuse to do business in Russia over the Ukraine invasion, White House Press Secretary Jen Psaki suggested Thursday that such a move would further damage Russia economically.

White House Press Secretary Jen Psaki speaks during the daily press briefing at the White House February 22, 2022, in Washington, DC.

"As President Biden said earlier this week, we welcome the decisions of companies to exit Russia because they want no part of Russia’s war of choice against Ukraine," Psaki said. Yet she warned that "any lawless decision by Russia to seize the assets of these companies will ultimately result in even more economic pain for Russia."

Russian President Vladimir Putin listens to a journalist's question during a joint news conference with Hungary’s Prime Minister Viktor Orban following their talks in the Kremlin in Moscow, Russia, Tuesday, Feb. 1, 2022.

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