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Al Jazeera
Al Jazeera
World

Putin signs decree to control two foreign firms’ assets in Russia

Russian President Vladimir Putin has signed a decree to take temporary control of the Russian assets of two foreign firms [File: Sputnik/Pavel Bednyakov/Pool via Reuters]

President Vladimir Putin has signed a decree that takes temporary control of the Russian subsidiaries of two foreign energy firms, signalling that Moscow could take similar action against other international companies if Russian assets abroad are seized.

The decree — outlining possible retaliation if Russian assets abroad are harmed — showed Moscow had already taken action against Germany’s Uniper division in Russia and the assets of Finland’s Fortum Oyj.

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