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You are a bit late to the party. Many Russian assets have already been seized, among them the Gazprom subsidiary in Germany. We are in a weird spot where Russi
by dunkelheit 4y ago
You are a bit late to the party. Many Russian assets have already been seized, among them the Gazprom subsidiary in Germany.
We are in a weird spot where Russia is very much interested in economic relationships continuing more or less as is (exemplified by the conciliatory rhetoric from the Russian government, essentially they are saying "no hard feelings, return any time" to the departing companies) so will mostly respect property rights. OTOH the West sees financial and economic relationships as their main weapon in this war so most funky moves related to property rights will be initiated by the Western governments (e.g. many "sanctions" essentially are extrajudiciary property seizures).
- JumpCrisscross 4y ago> Many Russian assets have already been seized, among them the Gazprom subsidiary in Germany Most Russian assets have been frozen, not seized. The German subsidiary made news for being an exception in that Germany took control of the subsidiary. But it’s still Gazprom’s property.
- thereddaikon 4y agoAre all of those mega yachts getting boarded not considered seized?
- gbasin 4y agoThat is my understanding. The property still belongs to the owners
- tablespoon 4y ago>> Are all of those mega yachts getting boarded not considered seized? > That is my understanding. The property still belongs to the owners IIRC, there are efforts being made to outright seize stuff like the yachts, sell them, and give the proceeds to Ukraine. I'm not completely up on the details, though. I think some criteria might be if the property is de-facto owned by the Russian state, or was acquired due to corrupt association with it.
- PolygonSheep 4y agoWhat good is paper ownership if you can't actually use your property?
- gbasin 4y agoYou get it back eventually