- Russia to adopt powers to seize assets of “naughty” western companies.
- Legislation to enable western assets to be appropriated at knockdown prices ordered by Kremlin.
- Putin seeks ways to retaliate against US and European sanctions.
- Western buyers required to give Russian buyers a discount of at least 50% of the asset’s value.
- New owners required to float 20% of the asset on Russia’s stock market.
Russia moves to seize ‘naughty’ western companies
Vladimir Putin’s confidential decree aims to give the Kremlin power to retaliate against European and US sanctions
Max Seddon
