“A company located in the territory of the Russian Federation, the owners of which come from unfriendly countries where such decisions are made” should face a reflective response, wrote Vyacheslav Volodin, who chairs the lower house of parliament, on his platform. Telegram. “Confiscation of these assets and use the proceeds from the sale to develop our country.” U.S. lawmakers have proposed legislation that would allow the government to seize yachts, works of art and other assets of Russian oligarchs and direct funds from their sale to humanitarian or military aid to Ukraine. Other countries, including the United Kingdom, Australia and members of the European Union, are scrutinizing the assets of a handful of wealthy and powerful Russians who say they have benefited from close ties to Russian President Vladimir Putin. Mr Volodin said “a dangerous precedent has been set, which should boomerang” on states taking such measures. He accused Lithuania, Latvia, Poland and the United States of “simply engaging in theft”. Sanctions imposed on Russia for its invasion of Ukraine have frozen about $ 300 billion in the country’s gold and foreign exchange reserves, according to Russia’s finance ministry. The Russian government has banned foreign investors from leaving local assets.
