The Kremlin has taken control of the Russian subsidiaries of Finland’s Fortum and Germany’s Uniper, moves it said were a response to western confiscations of Russian assets.
Dmitry Peskov, President Vladimir Putin’s spokesman, told reporters on Wednesday that the Kremlin wanted to establish a “compensation fund” to hit back against what he called “the illegal expropriation of Russian assets abroad”.
Putin signed a decree late on Tuesday to “protect Russian property and national interests” by allowing the state to impose “temporary control” over the assets of companies from countries deemed unfriendly by the Kremlin.
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