RUSSIA – Putin Furious Over Assets Seized by the West as Russia Claims Billions in Damages
Video Summary
Over the past two years, Russia has been nationalizing various assets and businesses, including those previously owned by overseas companies. This move was prompted by President Putin’s decision to take back control of these assets, which were deemed to be in the best interests of the Russian state. As a result, hundreds of billions of dollars’ worth of investments made by overseas companies in Russia have been lost.
However, other countries, such as Germany and Poland, are now taking reciprocal action, nationalizing Russian assets and seeking compensation for the damages caused by the invasion of Ukraine. This has led to a looming crisis between Russia and these countries, with Russia threatening to take legal action to stop this move.
In the talk, Russia’s infrastructure assets outside of Russia, such as the oil and gas infrastructure, have been a major point of contention. The country has been accused of taking an aggressive stance on overseas investments, seizing assets and refusing to compensate foreign companies. This has led to a complicated legal battle, with Russia seeking compensation from countries like Poland and the Czech Republic, while the West is pushing back, citing international law.
One of the most recent examples is the case of the German energy company, Uniper, which was nationalized by the German state and is now being taken over by the state. Russia is seeking compensation from Germany, but the German state is refusing to pay, citing the economic damage caused by the Russian invasion of Ukraine. The situation is likely to be complicated, with Germany and other Western countries pushing back against Russia’s claims, while Russia continues to seek retribution for its losses.
Related posts:
RUSSIA Seizes More Western Assets as Companies BuyBack Shares at Huge Discounts – Russia Ukraine War
With Scholz's government in shambles, conservative rival touts more decisive Ukraine strategy
Silicon Bites #44 – Russia Opens a New Frontline North of Kharkiv – Reported to…
RUSSIA – $300BN Frozen Russian Assets to Be Seized for Reparation BONDS as G7 Meets on Decision
Ukraine state-owned enterprises weekly — Issue 152
RUSSIA Seizes More Western Assets after Collapse of Russian LNG Deal – Russia Ukraine War
RUSSIA – $300BN Frozen Russian Assets to be LIQUIDATED as USA & UK Demand Action is Taken
Ukraine war latest: Ukrainian drone strikes oil depot in Russia; Ukrainian volunteers in Poland sign contracts with Armed Forces
