Kremlin Provides Statement Regarding Seizure of Foreign Companies’ Assets in Russia

Press Secretary of the President of Russia Dmitry Peskov noted that the issue of transferring Russian assets of foreign companies to the temporary administration of the Federal Property Management Agency depends on each specific case.

Answering a question about this, Peskov told reporters: “Everything depends on specific situations. Each case is individual and, of course, it is considered separately.”

On April 26, Russian President Vladimir Putin signed a decree on the seizure of foreign assets in Russia in response to unfriendly measures by Western countries, including the seizure of Russian assets.

The President of the Russian Federation approved a list of foreign assets transferred to the temporary management of the Federal Property Management Agency, namely: 83.73% of the shares of the Russian company Unipro, owned by the German company Unipro, and 98% of the shares of the Russian Fortum, owned by the Russian company Fin.

Today, the Russian “Fortum” informed Moscow that it does not agree to transfer its Russian branch under temporary management.

After Russia launched a military operation in Ukraine, the West imposed sanctions against Moscow and froze Russian reserves and assets of Russian businessmen, Moscow, for its part, warned about this and confirmed that it would defend its rights.

Source: News

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