Kremlin to Seize Foreign Assets in Response to Frozen Russian Capital

‘The Russian government’s Commission on Legislative Affairs approved a bill that would allow Russia to seize foreign state assets without consulting them.
According to the new bill, Russia will be able to seize foreign state assets from countries that would infringe Russia’s jurisdictional immunity.

The Ministry of Justice said the new law is to bring parity on 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.’

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