Putin’s retaliatory order to confiscate American property in Russia
| In response to Washington's hostile actions in confiscating Russian property, Putin signed a decree, according to which American property in his country is supposed to be identified and used to compensate for the damage caused by the relevant action. |
reported by Mehr News Agency, according to Euro News, based on the decree signed by the President of Russia, Vladimir Putin, Moscow will sell the assets of the United States, including securities, which can be used as compensation for damages caused by Any seizure of the Kremlin’s frozen assets will be used in the United States.
According to a media release, G7 negotiators have been discussing for several weeks how to use Russia’s financial assets, including major currencies and government bonds worth 300 are billion dollars.
These assets were frozen shortly after the start of Russian special operations in February 2022.
Putin’s decree today states that the Russian Federation or the country’s central bank can apply to a Russian court to determine whether their property in the United States has been illegally seized or not. That’s when this court can issue an order to use the listed American assets in Russia.
As a result, all securities, investment shares in Russian companies, real estate, movable property owned by the United States that are potentially subject to seizure are subject to this order.
As stated in the order, assets belonging to persons under US control could also be targeted.
