Russia responds to Western asset seizure ...News

President Putin has approved a framework for ‘temporary management’ of foreign property Russian President Vladimir Putin on Tuesday signed a decree establishing a mechanism for temporarily taking over foreign assets. In its first practical application, the Federal Property Management Agency was put in control of Russian subsidiaries of Fortum and Uniper, energy companies based in Finland and Germany, respectively. The decree allows for temporary state takeover of assets deemed to be “of paramount importance for the stable functioning of the Russian energy sector,” the agency said in a statement. Germany's Uniper S

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Russia responds to Western asset seizure ...News

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