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29/7/2014 12:40
RIA Novosti

Russia

Russia Mulls Seizing Foreign Assets Over Sanctions Threat

Topic: Sanctions Against Russia

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Federation Council session (archive photo)Armed men believed to be Russian servicemen march outside a Ukrainian military unit
14:58 05/03/2014
Tags: Russian Federation Council, Vladimir Putin, Russia

MOSCOW, March 5 (RIA Novosti) – The upper house of Russia’s parliament is mulling measures allowing property and assets of European and US companies to be confiscated in the event of sanctions being adopted against Russia over its threatened military intervention in Ukraine.

The bill’s author, Federation Council constitutional legislation committee head Andrei Klishas, said Wednesday that lawyers are currently studying whether the proposed confiscations would be constitutional.

“But we have no doubts that it clearly corresponds to European standards,” Klishas told RIA Novosti. “The recent events in Cyprus spring to mind, where the confiscation of assets was the main demand made by the European Union in return for economic aid.”

An adviser to President Vladimir Putin said Tuesday that authorities would issue general advice to dump US government bonds if Russian companies and individuals were targeted by sanctions over events in Ukraine.

According to US Treasury data from the end of 2013, Russian investments in US government bonds total around $139 billion out of a total of $5.8 trillion of US debt held in foreign hands.

Earlier this week, US and European officials warned that Russia’s alleged actions in Ukraine could lead to economic sanctions and asset freezes. US Secretary of State John Kerry told NBC’s “Meet the Press” Sunday that the United States and some of its allies were “prepared to go to the hilt to isolate Russia.”

Putin has denied any Russian troops have already been deployed in the southern Ukrainian republic of Crimea, although numerous eyewitnesses have reported seeing large numbers of well-armed troops without insignia moving around the peninsula in military vehicles bearing Russian license plates.

 

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RIA NovostiFederation Council session (archive photo)Russia Mulls Seizing Foreign Assets Over Sanctions Threat

14:58 05/03/2014 The upper house of Russia’s parliament is mulling measures allowing property and assets of European and US companies to be confiscated in the event of sanctions being adopted against Russia over its threatened military intervention in Ukraine.>>

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  • Mikhail1228If push comes to shove....
    16:45, 05/03/2014
    If push comes to shove Russia could also stop ferrying US astronauts to the International Space Station and close the Afghan transit route through Russian territory.
    • bkhealeyAstronauts
      17:37, 05/03/2014
      That doesn't matter, The US has a private company that has a rocket that can do it now. They are close to using them as it is. It's half the cost. Plus NASA could build one in no time if needed.
    • PR101Kiss Foreign investment good buy...
      16:57, 05/03/2014
      if Russia seizes foreign companies.
      • bkhealeyIf
        17:39, 05/03/2014
        Yeah if they did that the US would get the EU and it's other Ally's to close any access for Russia to their banks. They would be in big trouble then. Plus US businesses have already started to leave. Businesses don't like what Putin is doing.
        Reply | Comments: 2Expand branch
      • Mikhail1228Russia's economy facing the East!
        17:14, 05/03/2014
        Russia's long term goal in BRIC's is to pin its economy on the Asian pacific rim and India. I am sure there are plenty of companies there that would love to replace US firms in joint ventures and investments.
      • bkhealeyFree the Pussy Dolls
        17:47, 05/03/2014
        Maybe Putin will free the rest of the Pussy Riot!
      • Mikhail1228Backfire
        18:52, 05/03/2014
        Yes, US and EU sanctions will backfire!
      • Mikhail1228Amazing...
        18:58, 05/03/2014
        The propaganda machine is rolling here in the US. Turns out another Ashton phone call is made public. Maiden hired the snipers in Kiev that was killing people. Listen to the phone call. Yes, sanction Russia for events caused by US and EU!

        http://rt.com/news/ashton-maidan-snipers-estonia-946/

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