DECREE ALLOWS RUSSIAN GOVERNMENT TO PLACE PROPERTY BELONGING TO PEOPLE OR ENTITIES FROM “UNFRIENDLY” COUNTRIES INTO THE INTERIM ADMINISTRATION OF A FEDERAL AGENCY

On 26 April, the EU Sanctions blog reported on this Decree involving the Federal Agency for State Property Management.  It is said that Russia used the decree to seize control of utilities owned by Finland’s Fortum Oyj and Germany’s Uniper SE.

https://www.europeansanctions.com/2023/04/russian-decree-permits-government-to-take-temporary-control-of-property-linked-to-unfriendly-states/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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