Dmitry Medvedev suggests Russia may arrest foreign funds and assets in response to sanctions over the war in Ukraine.
Russia May ‘Nationalize’ Foreign Assets in Response to Western Sanctions, Medvedev Says
Authorities in Russia may begin to seize funds of foreign nationals and companies that are in the country, former Russian President Dmitry Medvedev has indicated. His warning comes as the West continues to expend penalties imposed on Moscow over its military invasion of neighboring Ukraine.
“Naturally, these wonderful bans won’t change anything… As a reference: my family members and I had no – and have no – either bank accounts or property abroad,” said the high-ranking official who was Russia’s head of state between 2008 and 2012. Dmitry Medvedev remarked that western leaders are threatening to block the accounts of Russian citizens and companies that are not on the sanctions list and emphasized that Moscow’s response should be symmetrical. He suggested that Russia should freeze the financial funds of foreign citizens and companies or maybe even “nationalize the property of those registered in unfriendly jurisdictions.”
While Medvedev did not specify the different kinds of assets he meant, the lower house of parliament, the
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