“Boomerang is in the States themselves.” Volodin called for the nationalization of foreign companies

State Duma Speaker Vyacheslav Volodin has called for the seizure of property in Russia from businesses in “non-enemy countries” as part of a mirror response to the law on the transfer of Russian assets to Ukraine frozen by the US House of Representatives.

“A dangerous precedent has been created where states must boomerang themselves. “This decision will not affect our country’s economy,” he said. commented the decision of the president of the congress. He said that the “seized yachts, villas and other property” of the oligarchs did not work for the development of the Russian Federation.

Volodin stated that Russian entrepreneurs are now “acting in a civilized manner” and are buying foreign companies operating in Russia in accordance with international law and buying shares of partners who want to exit our market. “What cannot be said about a number of hostile countries: Lithuania, Latvia, Poland, and even the United States, which is engaged in theft,” said the speaker of the lower house.

“In this regard, in relation to an enterprise located on the territory of the Russian Federation, whose owners are from unfriendly countries where such decisions are made, it is correct to respond with mirror measures:
Seize these assets,” he said.

According to Volodin, the income from the sale of assets should be better directed towards the development of Russia.

Recalling Russia’s approximately $300 billion in frozen gold and foreign exchange reserves, the speaker said, “They will return, they will not go anywhere. These are state funds,” he said.

United States confiscation law

US President Joe Biden presented a bill to Congress this week that would allow confiscated Russian property to be sold under sanctions. Proceeds from the sale will be directed to Ukraine.

The politician explains the bill declaration“unfair gains” will be confiscated. “When the oligarchs’ assets are sold, the funds can be used directly to repair the damage Russia has done to build Ukraine,” he said.

The proposed initiative package includes the introduction of criminal liability for generating revenue from “corrupt transactions” with the Russian government.

The law “on the confiscation of assets for the restoration of Ukraine” was supported by 417 members of the House of Representatives, only eight opposed.

Decision to seize US assets in Kremlin in your name “an attempt to legitimize expropriation.” “This, of course, is a very dangerous precedent, a blatant distortion of any legal norm, a violation of all legal concepts in general. This is nothing but a simple expropriation of private property and an attempt to supposedly legitimize this expropriation. “Nothing can cause this except the deepest misunderstanding and rejection,” said Vladimir Putin’s spokesman, Dmitry Peskov.

In his view, Washington’s actions clearly show “how fragile all publicly recognized foundations are at the moment”.

Nationalization in Russia

“United Russia” had previously offered to nationalize the properties of foreign companies leaving the Russian market. Commenting on the initiative, the Party’s General Assembly Secretary Andriy Turchak described the actions of companies that suspend their activities as “deliberate bankruptcy”.

The preliminary list of companies whose representative offices in Russia can be nationalized includes 60 enterprises, including McDonald’s, IKEA, Apple, Volkswagen, Microsoft, Toyota and others.

Draft law “On external management for the management of the organization” on April 12 entry to the State Duma.

Also last month, a bill was registered in the State Duma that provides for the possibility of expropriating the assets of companies and individuals from “unfriendly countries” without reimbursement of their value. Document was introduced State Council of the Republic of Crimea.

“The adoption of the draft law will ensure the termination of the ownership of property located on the territory of the Republic of Crimea and owned by foreign states and foreign persons associated with foreign states, which are engaged in hostile acts against the Russian Federation, Russian legal entities and Russia. It will register the real persons under the control of these foreign persons, their beneficiaries and persons, and the property right of the Republic of Crimea to the property of these persons.

On March 23, the Crimean leader Sergei Aksyonov announced the expropriation of the properties of Ukrainian oligarchs who support the Kyiv regime. This is about, among other things, apartment Ukrainian President Volodymyr Zelensky in the village of Livadia in the Yalta region.