New Russian law to put 'unfriendly' assets at risk of seizure

clock • 3 min read
New Russian law to put 'unfriendly' assets at risk of seizure

Companies which still have assets - including property, cash and data - in Russia are being advised to move or protect as much as possible as Russia moves to enact legislation that could lead to asset seizure, said Pinsent Masons in a briefing note on 27 April. The new draft law does not define ‘unfriendly measures', but Pinsent Masons said it would likely be applied to the list of ‘unfriendly' states defined in a 5 March 2022 decree. The Russian parliament is currently considering a federal...

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