Posted on 09/25/2014 2:08:22 PM PDT by dynachrome
Russian courts could get the green light to seize foreign assets on Russian territory under a draft law intended as a response to Western sanctions over the Ukraine crisis. The draft, which was submitted to parliament on Wednesday by a pro-Kremlin deputy, would also allow state compensation for an individual whose property is seized in foreign jurisdictions.
Italian authorities this week seized property worth about 30 million euros ($40 million) belonging to companies controlled by Arkady Rotenberg, an ally of President Vladimir Putin targeted by the U.S. and European Union sanctions.
The draft law, published on a parliamentary database, would allow for compensation for Russian citizens who suffer because of an "unlawful court act" in a foreign jurisdiction and clear the way to foreign state assets in Russia being seized, even if they are subject to international immunity.
Boris Nemtsov, a Kremlin critic who in the late 1990s was a senior member of government, said the bill was an attempt by Putin to shield Russian billionaires and officials from the impact of sanctions.
"What is a strongman's friendship like?" he asked rhetorically on his Facebook page. "It is when your four villas, apartment and hotel are seized in Italy, and your accomplice in the Kremlin immediately introduces a bill to compensate for the losses from the Russian budget."
(Excerpt) Read more at themoscowtimes.com ...
Let the fun begin.
Goodbye investment in Russia ... hello serfs revolting.
~Goodbye investment in Russia ... hello serfs revolting.~
But seizing Russian assets is perfectly okay, isn’t it?
~Mcdonalds? pepsi,coca-cola assets maybe? ~
That’s pretty dismal. I think only an oil companies have something to lose in Russia. Foreign involvement in Russian economy is actually heavily overrated. Russian investment in foreign economies are much bigger.
I thought I just read somewhere that a Russian company just bought the Pabst Brewing Company. Hmmm.
Russian companies holds much more assets in US than vice versa.
A lot of US steel businesses are owned by Russian Severstal company.
Uranium minings in US and Canada are mostly under control of ARMZ and Uranium One holding, both Russian companies.
Yes just like Nazis assets and jihadist assets. Squeeze the warmongering invaders till they act like they can be finally trusted.
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