Putin is preparing to nationalize foreign assets in Russia

Russian President Vladimir Putin has ordered preparations for the nationalization of foreign assets in the country. This was reported by Zamin.uz.

This decision will be implemented in the event that the European Union seizes Russia's frozen assets. According to the Bloomberg news agency, on September 30, Putin signed a decree allowing assets to be sold through a special accelerated procedure.

The document emphasizes that the measures are a response to actions by foreign states, particularly in the form of sanctions. According to a Bloomberg source, this decree is aimed at speeding up the sale process between Russian and foreign companies.

If the European Union seizes Russian assets, Moscow may respond with similar measures. In 2022, after Russia launched a large-scale military invasion of Ukraine, most Western companies left the country.

Nevertheless, companies such as UniCredit, Raiffeisen Bank International, PepsiCo, and Mondelez continue to operate in Russia. At the end of September, European Union leaders approved a plan to provide Ukraine with a 140 billion euro loan secured by Russia's frozen assets.

The Kremlin condemned this plan, calling it "theft." This decree and the measures indicate the beginning of a new era in economic and political relations between Russia and the West.

At the same time, the Kremlin has openly expressed its readiness to strengthen control over foreign companies and assets, striving to protect its interests.