US EditionRussia Drafts Plan to Seize Assets If EU Acts on Funds
10 Articles
10 Articles
Russia intends to resist Europe by nationalising and withdrawing its bids from Western companies operating in the country, if Brussels will decide to confiscate Moscow's foreign assets, Bloomberg reported on TVP World.
The Russian authorities are preparing a plan in case the EU decides to seize Russian assets frozen abroad, Bloomberg approves with reference to sources.
They would take away from the owners and quickly privatize companies they don't like.
Russia could nationalize and quickly sell assets owned by foreign companies and held in the Russian Federation in response to any moves by Europe to seize Russian assets abroad.
Russia Drafts Plan to Seize Assets If EU Acts on Funds
Russia may nationalize and swiftly sell off foreign-owned assets under a new privatization mechanism in retaliation for any European moves to seize Russian holdings abroad, according to a person close to the government.
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