Russia took the first step Wednesday towards enacting a law that would allow foreign-owned assets to be seized and used to compensate citizens and companies that have been targeted by Western Sanctions over the war in Ukraine.
The legislation is known unofficially as the “Rotenberg Law” in Russia, named after Arkady Rotenberg, a wealthy industrialist and a close ally of Russian President Vladimir Putin’s, who had $40 million of real estate in Italy seized by authorities there under US and EU sanctions. …read more
Source: International Business Times
