russians have developed a plan to confiscate Western assets

This was reported on Wednesday, 1 October, by Bloomberg, citing sources close to the russian government.

The agency recalled that the day before, russian dictator Vladimir Putin signed a decree allowing the accelerated sale of state assets under a special procedure.

According to Bloomberg's source, Putin's decree is intended to speed up the sale of both russian and foreign companies. In the event of the confiscation of russian assets in the European Union, Moscow may take ‘symmetrical measures.’

Hundreds of Western companies in various industries still operate in russia, including UniCredit SpA, Raiffeisen Bank International AG, PepsiCo Inc, Mondelez International Inc and others.

Putin signed the decree as EU leaders at a summit in Denmark stepped up work on a plan to grant Ukraine a €140 billion loan using frozen assets of the russian Central Bank. The European plan does not provide for the confiscation of these funds: Moscow will be able to get the assets back if it agrees to compensate Ukraine for the damage caused by the war.

Source: NV, Bloomberg