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🇷🇺 Russia may nationalize and swiftly sell off foreign-owned assets under a new privatization mechanism in retaliation for any European moves to seize Russian holdings abroad, according to a person close to the government.

President Vladimir Putin on Tuesday signed an order allowing for fast-track sales of state-owned assets under a special procedure.

The decree is intended to speed up the sale of various companies, both Russian and foreign, the person familiar with the matter said, asking not to be identified because the information isn’t public.

Should the European Union begin seizing Russian assets, Moscow may respond with symmetrical measures, the person said.

Hundreds of western companies working in sectors from banking to consumer goods still operate in Russia, including UniCredit SpA, Raiffeisen Bank International AG, PepsiCo Inc, and Mondelez International Inc.

Putin acted as EU leaders meeting in Denmark build momentum for a plan to provide Ukraine with €140 billion ($164 billion) in loans from immobilized Russian central bank assets, ahead of a formal summit at the end of this month.

The long-standing proposal to leverage the assets has gained traction after the US under President Donald Trump halted its direct support for Ukraine, leaving Europe to shoulder the burden of aiding the war-battered nation in its defense against Russia’s invasion.

“In case of seizure, there will be a response,” Kremlin spokesman Dmitry Peskov said Thursday, replying to a request for comment. On Wednesday, he called the EU asset plan an “illegal seizure of Russian property, theft.”

The EU has proposed a plan that wouldn’t amount to seizing the assets and Russia’s claims should they arise in future would be guaranteed, Bloomberg previously reported. Moscow would get the funds back if it agrees to compensate Ukraine for the damage the war has caused.

The Russian decree limits pre-sale valuations to 10 days and speeds up state registration of ownership, according to the document published on the government’s website. State-owned Promsvyazbank PJSC was appointed to handle such deals, and Putin’s order emphasized that the changes were a response to sanctions against Russia.

Putin has warned that the global financial order would be undermined if the West moved to seize Russia’s frozen state reserves abroad that were blocked.

The new decree could also be used to sell off assets once owned by Russian investors. The Kremlin has stepped up seizures targeting Russian citizens including those with foreign passports or who’ve been accused of extremism or corruption.

The total value of confiscated property since 2022 reached 3.9 trillion rubles ($48 billion) as of June, according to estimates from Nektorov, Saveliev & Partners, a law firm in Moscow.

So far, Russia has refrained from nationalizing assets belonging to international corporations. Instead, it has acted to take some companies into temporary management prior to arranging sales to preferred buyers at steep discounts.

Redoil:
Russia the cockroach making noise as usuall after failing to decimate ukraine as expected

Kaliningrad:
Cockroach that made 32 grown men (NATO) to shit their pants. Till date the US/NATO is still obeying the order of a Cockroach to not step foot inside Ukraine.

Why does the US need 32 grown men to fight a Cockroach??

Ukraine isn't decimated but Zelensky comes online to cry every 2 days? Have you seen him lately, he's looking older than my grandpa.

Let the US try decimating ragtag goat herders Taliban or the Houthis then we can talk.

🤡 🤡 🤡 🤡 🤡 🤡

Nemesis0147:
nobody is scared of Russia….just that not everybody is so eager to waste lives of his citizens.
Diplomacy is life

Hellisreal70:
What is russia waiting for.

No more characters to add

Kaliningrad:
Cockroach that made 32 grown men (NATO) to shit their pants. Till date the US/NATO is still obeying the order of a Cockroach to not step foot inside Ukraine.

Why does the US need 32 grown men to fight a Cockroach??

Ukraine isn't decimated but Zelensky comes online to cry every 2 days? Have you seen him lately, he's looking older than my grandpa.

Let the US try decimating ragtag goat herders Taliban or the Houthis then we can talk.

🤡 🤡 🤡 🤡 🤡 🤡

Kaliningrad:
Cockroach that made 32 grown men (NATO) to shit their pants. Till date the US/NATO is still obeying the order of a Cockroach to not step foot inside Ukraine.

Why does the US need 32 grown men to fight a Cockroach??

Ukraine isn't decimated but Zelensky comes online to cry every 2 days? Have you seen him lately, he's looking older than my grandpa.

Let the US try decimating ragtag goat herders Taliban or the Houthis then we can talk.

🤡 🤡 🤡 🤡 🤡 🤡

Fred2020:
Russia is a big embarassment.

Nuclear weapon aside, Ukraine would have batted Russia aside. Even with the restrictions to weapons Ukraine is allowed to use in Russia and Russia receiving North Korean, chinese and iranian gadgets plus 10s of thousands of troops from North Korea, the frontline is largely a stalemate.

Take this your propaganda to X. You will find people dull enough to believe it.

gassbee:
why didnt russia retaliate when poland shot down russia plane for violating its airspace, russia for try am first

gassbee:
why didnt russia retaliate when poland shot down russia plane for violating its airspace, russia for try am first

Fred2020:
Russia is a big embarassment.

Nuclear weapon aside, Ukraine would have batted Russia aside. Even with the restrictions to weapons Ukraine is allowed to use in Russia and Russia receiving North Korean, chinese and iranian gadgets plus 10s of thousands of troops from North Korea, the frontline is largely a stalemate.

Take this your propaganda to X. You will find people dull enough to believe it.

Kaliningrad:
Cockroach that made 32 grown men (NATO) to shit their pants. Till date the US/NATO is still obeying the order of a Cockroach to not step foot inside Ukraine.

Why does the US need 32 grown men to fight a Cockroach??

Ukraine isn't decimated but Zelensky comes online to cry every 2 days? Have you seen him lately, he's looking older than my grandpa.

Let the US try decimating ragtag goat herders Taliban or the Houthis then we can talk.

🤡 🤡 🤡 🤡 🤡 🤡

Fred2020:
Russia is a big embarassment.

Nuclear weapon aside, Ukraine would have batted Russia aside. Even with the restrictions to weapons Ukraine is allowed to use in Russia and Russia receiving North Korean, chinese and iranian gadgets plus 10s of thousands of troops from North Korea, the frontline is largely a stalemate.

Take this your propaganda to X. You will find people dull enough to believe it.