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“So far as corporations primarily based in Russian territory are involved whose house owners are residents of hostile nations and the place the choice has been taken” to grab Russian property, “it’s truthful to take reciprocal measures and confiscate property,” mentioned the speaker of Russia’s decrease home of parliament, Vyacheslav Volodin.
“And the proceeds from the sale of those property might be used for our nation’s growth,” he mentioned on his Telegram channel.
Volodin accused “a sure variety of hostile nations — Lithuania, Latvia, Poland and even america” — of flouting worldwide legislation and “resorting to pure theft”.
Volodin mentioned that “as we speak, Russian businessmen are shopping for overseas corporations working in Russia, and buying the shares of companions who need to give up our market”.
He urged “hostile” nations to “act in a civilised method and respect worldwide legislation.”
Volodin’s remarks got here after US President Joe Biden introduced a proposal to ratchet up financial stress on Russia, with enhanced seizure and forfeiture procedures permitting oligarchs’ seized property to be “offered off” to “treatment the hurt Russia brought about and to assist construct Ukraine.”
“A harmful precedent has been set, which may boomerang again on the US itself,” Volodin mentioned.
“This choice will not have an effect on our nation’s financial system. The yachts, villas and different property of wealthy (Russian) residents contribute nothing to the event” of Russia, he mentioned.
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