Sat, February 1, 2025
Fri, January 31, 2025
[ Fri, Jan 31st ] - CNBC
How to apply for a mortgage
Thu, January 30, 2025
Wed, January 29, 2025
Tue, January 28, 2025
[ Tue, Jan 28th ] - LAist
Insurance and wildfires
Mon, January 27, 2025
Sun, January 26, 2025
Sat, January 25, 2025
[ Sat, Jan 25th ] - mwnation
Quest for better welfare
Fri, January 24, 2025

Russia Moves to Seize Western Assets in Retaliation for Frozen Funds


//business-finance.news-articles.net/content/202 .. tern-assets-in-retaliation-for-frozen-funds.html
Published in Business and Finance on Tuesday, January 28th 2025 at 4:40 GMT by MSN   Print publication without navigation

  • Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

The article from MSN discusses Russia's response to Western sanctions by moving to seize assets from Western companies and individuals within its borders. This retaliatory measure comes after the West froze approximately $300 billion of Russian central bank assets following Russia's invasion of Ukraine. The Russian government has introduced a decree allowing the temporary management of these assets, which includes shares in companies, real estate, and other properties. This action targets assets from countries that Russia deems "unfriendly," primarily those that have imposed sanctions on Russia. The move is seen as an attempt to pressure these nations into reconsidering their stance on sanctions, although it might also lead to further economic isolation and legal challenges. The decree aims to use these assets to compensate for losses incurred due to the Western sanctions, potentially affecting numerous foreign businesses operating in Russia.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/russia-moves-to-seize-western-assets-in-retaliation-for-frozen-funds/ar-AA1xZ6mw ]

Publication Contributing Sources