Kremlin explains seizure of foreign assets ...News

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Russia has taken temporary control of utilities owned by Finland’s Fortum and Germany’s Uniper Taking control of strategic foreign assets in Russia will enable Moscow to respond effectively to the potential confiscation of Russian companies’ property abroad, Kremlin spokesman Dmitry Peskov said on Wednesday. Russian President Vladimir Putin signed a decree on Tuesday allowing for the temporary takeover of foreign assets deemed critical for the country’s energy security. The Federal Property Management Agency was ordered to establish external control of the Russian subsidiaries of Finnish energy company Fortum and

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