Russia prepares to seize Western assets

EurActiv ^ | 24 Jul 2015 13:36 | updated: 08:47 | (EurActiv with agencies, by Georgi Gotev)

[Olog-hai]

The Russian government has approved a draft bill that would allow it to seize foreign state assets, without warning. The move is seen as a tit-for-tat gesture, following Western court cases involving Russian firms.

According to the new draft bill, Russia will be able to seize foreign state assets from countries which infringe on Russia’s jurisdictional immunity, according to the Russian press.

The Ministry of Justice said the new law is meant to bring parity to the existing "jurisdictional imbalance" between Russia and other countries. In other words, Russia will now seize the state assets of other countries in proportion to the amount of Russian assets frozen in those countries.

“The amount of claims against the Russian Federation and its governmental bodies in foreign courts has been steadily increasing. At the same time, Russia’s consent for involvement in these cases is never sought,” the Ministry of Justice said. …

[griswold3]

Jul 15, 2015 - “President Barack Obama telephoned Russian President Vladimir Putin on Wednesday to thank him for his part in the recent nuclear deal with Iran..”
The recalibration by Obama.
Certainly, Obama’s ‘flexibility’ is paying off...

[GeronL]

In other words if a Russian corporation does something criminal and money is seized, Russia will seize assets of an innocent business from that country.

okay...

[AFreeBird]

It’s the Obama way.

[LouAvul]

Oh noes. The McDonalds in Moscow was like, the best and safest place to eat when I was there. Owned and operated by Americans.

[McGruff]

That’s it. More sanctions for you.

[DoughtyOne]

Obama is the kid on the playground that keeps getting beaten up.

One day he thinks he's found a fix.  He offers the bully something, to leave him alone.  Then it's still okay for the bully to beat up his friends.

Sooner or later the bully comes back and beats the pulp out of this kid.

Stand up to the bully in the first place.  You may not win, but start making him pay a bigger price each time.


Ramirez's latest political cartoon LARGE VERSION 07/23/2015: LINK  LINK to regular sized version of Ramirez's latest, and an archive of his political cartoons.
In this political cartoon, Ramirez presents, "Planned Parenthood"

Animated Photos: LINK        Ayam Cemani chickens: LINK

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...this is a general all-purpose message, and should not be seen as targeting any individual I am responding to...

[dfwgator]

The move is seen as a tit-for-tat gesture, following Western court cases involving Russian firms.

I don't like Putin, but that was just stupid on the part of the Western courts.

[AppyPappy]

Called it decades ago.

[GeronL]

lol

[Bon mots]

That ought to help jump-start their economy.

[Bon mots]

[Grzegorz 246]

I’m sure foreign investments will skyrocket :)))

[Grzegorz 246]

“I don't like Putin, but that was just stupid on the part of the Western courts.”

You wouldn't say so If you had your own savings invested in Yukos’ shares.