Monday, May 2, 2022

Moscow Says Can Confiscate Russian-Based Assets of ‘Hostile’ Countries in Tit-for-Tat Move – Al-Manar TV Lebanon

Moscow says it can seize Russian-based assets of those countries the Kremlin deems hostile, reciprocating a proposal by the United States to sell off the assets of Russian oligarchs and pay the proceeds to Ukraine.

Vyacheslav Volodin, who as the speaker of the lower house of the Russian parliament often voices the Kremlin’s views, made the suggestion on Sunday, four days after the US House of Representatives almost unanimously passed the Asset Seizure for Ukraine Reconstruction Act.

“As far as companies based in Russian territory are concerned whose owners are citizens of hostile countries and where the decision has been taken” to seize Russian assets, “it is fair to take reciprocal measures and confiscate assets,” the Duma chairman said.

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