Russia Seizes EU Firms' Assets in Tit-for-Tat Response
Published 11 h ago5 sourcesEvidence: Reported
The Kremlin has taken control of Russian assets belonging to European companies, continuing a pattern of retaliatory seizures against firms from countries deemed 'unfriendly.' Kremlin spokesman Dmitri Peskov justified the move as a response to the 'illegal retention' of Russian funds and expropriation of Russian assets abroad. This escalates the economic standoff between Russia and Europe, increasing risks for remaining foreign investors in Russia.
Russia has placed assets of European companies under temporary state management, confirmed by multiple sources. This action is a retaliatory measure, with the Kremlin citing EU involvement in the war and 'illegal retention' of Russian funds abroad. The measure is described as reversible, but it signals escalating economic retaliation.
Published 11 h ago5 sourcesEvidence: Reported
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