Russia: Duma proposes confiscation of corporate assets from “unfriendly” countries – News

“It is right that a company located in the territory of the Russian Federation, whose owners are from ‘hostile’ countries, is responding with similar measures: it is confiscating these funds,” he said in his Telegram account, which is quoted by the news agency EFE.

“And sales revenue [dos bens confiscados] will be for the development of our country, “he added.

Volodin also wrote that the U.S. House of Representatives passed a law allowing the transfer of frozen funds from Russian companies and citizens to Ukraine: “A dangerous precedent has been set that should be a boomerang for the states themselves.”

According to the Duma leader, the U.S. decision “will not affect the Russian economy” because “the yachts, villas and other property confiscated by wealthy citizens did not serve their development in any way.”

Volodin recalled that Russia’s gold and foreign exchange reserves of about $ 300 billion (about € 284 billion) from the Central Bank of Russia were also frozen, and he assured them that they would be “returned because they are state funds.”

In response, he added, the central bank banned foreign investors from raising funds from the Russian financial system: “According to some estimates, we are talking about more than $ 500 billion. We have to answer, “he argued.

“Today, Russian businessmen are buying foreign companies operating in Russia and buying shares from partners who want to leave our market. They operate in a civilized manner in accordance with international law, which cannot be said of several “hostile” countries, ”he said.

To the Duma leader, “Lithuania, Latvia, Poland and even the United States have simply been involved in the robberies.”

Economic sanctions against Russia follow a military offensive against Ukraine on 24 February, which has already displaced more than 12 million people, more than 5.4 million of whom have fled the country, according to the UN.

The international community generally condemned the Russian attack, which responded by sending weapons to Ukraine and strengthening economic and political sanctions on Moscow.

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