Russian President Vladimir Putin signed a decree allowing the government to impose temporary state control over property or securities owned by companies or individuals in so-called "unfriendly" countries.

(Reuters)

[Financial Channel/Comprehensive Report] Foreign media reported that Russian President Vladimir Putin (Vladimir Putin) signed a decree on Tuesday (25th) night, allowing the government to control property or securities owned by companies or individuals in so-called "unfriendly" countries. Temporary state control is imposed.

According to comprehensive media reports, the decree states that Russia needs to take urgent measures in response to actions by the United States and other countries that are "unfriendly and in violation of international law", indicating that Russia may take similar actions against other companies if necessary.

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According to the appendix of the decree, Rosimushchestvo, the Russian Federal State Property Administration, has so far confiscated the Russian assets of the German energy company Uniper and the Finnish state-owned energy company Fortum Oyj.

The decree signed by Putin introduces external management on a case-by-case basis, Rosimushchestvo said, adding that the list of assets could be expanded if needed.

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