In another dark twist to the West’s stand-off with Russia over the crisis in Ukraine, a pro-Kremlin deputy has submitted a draft law that would allow the government to seize foreign assets in the country in response to Western economic sanctions. The law, submitted after Italian authorities seized €30m worth of shares and bank accounts belonging to Russian businessman Arkady Rotenberg, would also allow for oligarchs to get compensation from the state in the case of an “unjust judicial act of a foreign court.” The full (Russian language) text of the draft law can be found here. Given Russia’s parlous …read more
Source: Business Insider
