Russia moves to seize European assets under new Putin decree
Russian officials announced a decree authorizing the temporary transfer of European companies' property in Russia to a Russian firm, escalating economic retaliation against the West. The move signals a hardening of Moscow's stance, using asset seizures as leverage in the ongoing confrontation. The scope and targets remain unclear, but it marks a significant escalation in the economic conflict.
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Russia Expands Asset Seizures of European and US Firms
Russia is expanding its campaign of temporary asset transfers of European and US companies to Russian firms, as confirmed by a new Putin decree and the seizure of AptarGroup's Russian subsidiary. This action is a retaliatory measure against Western sanctions, with the scope and specific targets of future seizures remaining unclear. The move signals a hardening of Moscow's economic stance and increased risk for remaining foreign investors.