Ukraine intends to nationalize Russian-owned companies

A bill to nationalize the property of Russian companies and banks in Ukraine was introduced for consideration by the Verkhovna Rada. The author of the document is People's Deputy Roman Zvarych from the Petro Poroshenko Bloc faction.

The explanatory note for the bill says that such a measure at the legislative level will allow the government to apply sectorial sanctions to Ukrainian legal entities that carry out economic activities jointly with an "aggressor power."

To "promptly and effectively respond to potential threats" on the part of the Russian Federation, it is necessary "to transfer to Ukraine property of the aggressor state or of a legal or natural person that violated the relevant rights and interests of Ukraine and its citizens," as well as establish liability for violation of legislation on sanction, the document says.

  nationalization, Russian coompanies, Ukraine

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