Contents tagged with Foreign Assets

  • NATO considers imposing restrictions on Russian-owned foreign assets

    At the spring session of the NATO Parliamentary Assembly in Warsaw, a proposal was made to impose restrictions on foreign assets of wealthy Russians, the special presenter of the Assembly from Britain, Thomas Jopling stated, RIA Novosti reported.

    The draft report on countering the "hybrid threats from the Russian Federation," which was considered in Warsaw, proposes to respond to them by imposing restrictive measures against the assets of Russian citizens.

    The report talks about a need to " …

  • Putin signs a law allowing to seize foreign assets

    On Wednesday November 4, Russia’s president has signed legislation enabling countermeasures in the case of the wrongful arrest of Russian state property abroad.

    The law, based on reciprocity, curtails the jurisdictional immunity of the country in question if not agreed otherwise.

     The law will come into effect in 2016.

    The law shall be applicable to all property, including rental, which is administered by the foreign State. The document is available on the official portal of legal …