Putin nationalizes foreign companies' assets in Russia.

1 min read
Source: Yahoo News Canada
Putin nationalizes foreign companies' assets in Russia.
Photo: Yahoo News Canada
TL;DR

Russian President Vladimir Putin has signed a decree establishing temporary control of the Russian assets of two foreign energy firms, Uniper SE's Russian division and the assets of Finland's Fortum Oyj, signaling Moscow could take similar action against other companies if need be. The decree outlined possible retaliation if Russian assets abroad are seized and showed Moscow had already taken action against the two firms. The move comes in response to unspecified actions from the United States and others that Russia said were "unfriendly and contrary to international law".

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