The daily business briefing: March 14, 2022

Russia threatens Western companies with arrests, Pfizer's CEO says people will need a 4th dose of COVID vaccine, and more

A McDonald's restaurant in Dmitrov, Russia
A McDonald's restaurant in Dmitrov, Russia
(Image credit: AP Photo/Alexander Zemlianichenko)

1. Russia threatens to arrest leaders and seize assets of Western companies

Russian prosecutors are threatening to arrest leaders of Western companies operating in the country if they criticize Moscow for its invasion of Ukraine, The Wall Street Journal reported Sunday, citing people familiar with the matter. The prosecutors also have said that the government could seize the assets of foreign corporations trying to withdraw from Russia. The companies that received the warnings included Coca-Cola and McDonald's, which were among a growing list of American companies that announced in recent days that they were halting operations in Russia. Russian President Vladimir Putin said last week that he would support a law to nationalize assets of any company that pulls out of Russia due to the Ukraine invasion.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.