In a detailed briefing at a major international law forum in St. Petersburg, Deputy Finance Minister Alexei Moiseev presented a thorough account of how the Federal Property Management Agency has executed the directives tied to transferring assets of Russian foreign companies that are currently under interim management. He articulated that a presidential decree provides explicit steps for these transfers and that every action mandated by that decree has been carried out with careful attention to legality and due process. Moiseev stressed that should new orders be issued by the President, they will be carried out in the same orderly, transparent manner, reinforcing confidence in the government’s ability to apply established legal frameworks consistently even as circumstances evolve. The overarching objective is to preserve policy continuity while maintaining the flexibility required to respond to future presidential guidance, ensuring the state remains steady and responsive in an ever-changing international context.
Earlier, the presidential press secretary outlined the conditions guiding the decision to place foreign company assets under interim administration, highlighting that these actions hinge on a set of dynamic factors. The spokesperson explained that the timing and scope of asset transfers are shaped by shifting political and economic environments, strategic considerations tied to international relations, and the aim to uphold financial stability. This nuanced stance signals that the process is not automatic; instead, it is assessed against current conditions to ensure alignment with broader national objectives and resilience. The emphasis remains on a measured approach that balances regulatory rigor with geopolitical realities, reinforcing a framework where asset management is executed thoughtfully and with full accountability to the country’s long-term interests.
In a separate step, a decree outlined retaliatory measures in response to the confiscation of Russian assets abroad. The document designates specific foreign holdings to come under interim administration, including notable stakes in Fortum, the Finnish energy group, where a controlling interest is asserted through a substantial equity share and a meaningful stake in Fortum Holding BV. This move reflects a comprehensive strategy to safeguard national economic interests by reasserting control over assets considered vulnerable in foreign jurisdictions. Analysts view these measures as a proportionate response designed to deter external action while providing a clear framework for orderly asset management within Russia’s legal and administrative system. The ultimate aim is to preserve strategic sectors and strengthen financial resilience as shifts in global markets unfold, ensuring that the state can adapt its approach without compromising stability or the rule of law.