https://en.sputniknews.africa/20230426/putin-signs-decree-on-response-measures-if-russian-assets-abroad-seized-1058856695.html
Putin Signs Decree on Response Measures if Russian Assets Abroad Seized
Putin Signs Decree on Response Measures if Russian Assets Abroad Seized
Sputnik Africa
Russian President Vladimir Putin signed a decree on the transfer of foreign assets to temporary management of Russia's Federal Agency for State Property Management (Rosimushchestvo) if Russian assets abroad are seized.
2023-04-26T08:53+0200
2023-04-26T08:53+0200
2023-08-03T10:48+0200
russia
vladimir putin
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According to the decree, German energy company Uniper’s shares in its Russian subsidiary Unipro and shares in Russian subsidiaries of Finnish energy company Fortum are among foreign assets that can be transferred to Rosimushchestvo. According to the decree, 83.73% of Unipro's assets, 69.8807% of Fortum's assets owned by Fortum Russia, and 28.3488% of the company's assets owned by Fortum Holding were transferred to temporary management of Rosimushchestvo. As of February 2023, the confiscated property of Fortum was estimated at 1.7 billion euros ($1.87 billion), according to the company's financial report. The company said on February 7 that Russian assets were impaired by about 990 million euros, and the value of Russian net assets after the impairments totaled some 1.7 billion euros. As of April 25, Fortum's market capitalization was 12 billion euros, according to the company's website. In May 2022, Fortum announced its decision to withdraw from the Russian market and the sale of its assets. However, Putin's decree, signed on August 5, 2022, prevented Fortum from completing the sale of its assets in Russia.
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putin, putin signed a decree on the transfer of foreign assets, russia's new decrees
putin, putin signed a decree on the transfer of foreign assets, russia's new decrees
Putin Signs Decree on Response Measures if Russian Assets Abroad Seized
08:53 26.04.2023 (Updated: 10:48 03.08.2023) MOSCOW (Sputnik) – Russian President Vladimir Putin signed a decree on the transfer of foreign assets to temporary management of Russia's Federal Agency for State Property Management (Rosimushchestvo) if Russian assets abroad are seized.
According to the decree, German energy company Uniper’s shares in its Russian subsidiary Unipro and shares in Russian subsidiaries of Finnish energy company Fortum are among foreign assets that can be transferred to Rosimushchestvo.
According to the decree, 83.73% of Unipro's assets, 69.8807% of Fortum's assets
owned by Fortum Russia, and 28.3488% of the company's assets owned by Fortum Holding were transferred to temporary management of Rosimushchestvo.
As of February 2023, the confiscated property of Fortum was estimated at 1.7 billion euros ($1.87 billion), according to the company's financial report.
The company said on February 7 that Russian
assets were impaired by about 990 million euros, and the value of Russian net assets after the impairments totaled some 1.7 billion euros.
As of April 25, Fortum's market capitalization was 12 billion euros, according to the company's website.
In May 2022, Fortum announced its decision to withdraw from the Russian market and the sale of its assets. However, Putin's decree, signed on August 5, 2022, prevented Fortum from completing the sale of its assets in Russia.
