Russia seizes foreign companies in response to asset freezes
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Russia has placed two foreign companies in the temporary state administration in response to the freezing of assets by the United States and its allies. This is reported by Bloomberg.
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Russian President Vladimir Putin on Tuesday evening signed a decree allowing the government to introduce temporary state control over property or securities belonging to companies or individuals from so-called “unfriendly” states.
The temporarily arrested assets will be managed by the Federal Agency for State Property Management, a subdivision of the Ministry of Finance of the Russian Federation.
Putin also approved the list of property that falls under temporary management in accordance with the decree.
As of April 25, it contained 83.73% of the Unipro energy company owned by the German Uniper SA, as well as 98% of the Fortum power generation company, owned by the Dutch subsidiaries of the Finnish energy holding Fortum.
It is noted that if necessary, the list of assets can be expanded.
Author: 
News editor Roman Myronchuk writes on the following topics: Economy, finance, banks, cryptocurrencies, investments, technologies
Source: Ministry of Finance
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