Topic: Turbulence in Ukraine
Federation Council session (archive photo)© RIA Novosti. Vladimir Fedorenko
Armed men believed to be Russian servicemen march outside a Ukrainian military unit© REUTERS/ Vasily Fedosenko
- EU Plans No Sanctions on Russia for Now – Russian Envoy
- Putin Adviser Urges Dumping US Bonds In Reaction to Sanctions
- EU to Slap Sanctions on Ukraine Officials Over Violence
- EU Mulls Sanctions, Arms Embargo on Ukraine – Agency
- US, EU Partners to Discuss Ukraine Sanctions – Officials
- US Threatens Sanctions Against Ukraine Over Protest Violence
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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- Mikhail1228If push comes to shove....16:45, 05/03/2014If 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.
- PR101Kiss Foreign investment good buy...16:57, 05/03/2014if Russia seizes foreign companies.
- Mikhail1228Russia's economy facing the East!17:14, 05/03/2014Russia'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 Dolls17:47, 05/03/2014Maybe Putin will free the rest of the Pussy Riot!
- Mikhail1228Backfire18:52, 05/03/2014Yes, US and EU sanctions will backfire!
- Mikhail1228Amazing...18:58, 05/03/2014The 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!