Putin Warns West: Assets Nationalization is Double-Edged Weapon

The nationalization of assets is a double-edged weapon, Russian President Vladimir Putin has warned during a government meeting in response to some Western countries proposing to seize Russia’s property abroad.  

“We’re already hearing announcements coming from some officials about the possible nationalization of some of our assets. Well, this can be taken very far. Let no one forget that this is a double-edged weapon,” he cautioned on Tuesday, April 5.

Putin noted that the situation in the global energy sphere has significantly worsened as a result of “crude and non-market measures” introduced by foreign partners, including the increased pressure on Russia’s gas giant Gazprom. Putin accused European nations of trying to “shift the blame for their own mistakes in economy and energy onto Russia.”

Last Thursday, the President signed a decree that required countries that have imposed sanctions on Moscow to pay for gas in rubles. Moscow insists that it was left with no choice but to switch to its national currency, as dollars and euros could be “taken away.” Shortly after, Germany announced that it had taken ownership of a local branch of Russia’s Gazprom, saying that it was ‘urgently necessary,’ while Bloomberg revealed, last week, that the UK government was planning to nationalize the company’s branch.

Ru-Main, 06.04.2022
Source: RT 

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