On Saturday, the European Union placed a number of senior Russian officials, including members of the Russian Security Council, on its sanctions list, with the restrictions including a freeze on any assets the officials may have in EU jurisdiction.
Russia will respond in a tit-for-tat manner to any foreign moves to seize Russian business and private assets abroad, Russian Security Council deputy chairman Dmitri Medvedev has indicated.
“They are also threatening to seize the money of Russian citizens and Russian companies abroad. Simply everyone, without any sanctions, out of spite. This will have to be responded to in a symmetric manner, through the arrest of the funds of foreigners and foreign companies in Russia, according to a country-by-country principle. And perhaps through the nationalization of the property of those persons/entities which are registered in unfriendly jurisdictions, like the USA, the EU and other ‘singing’ nations of the Anglo-Saxon world that will take part in all of this,” Medvedev wrote in a post on his VKontakte page.
Medvedev wrote that Russia already has a “rich experience” in this area, and a “strict” law on this subject ready to be implemented. “So the fun is just beginning,” he quipped.
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