LONDON -Russia should confiscate property owned by Westerners in response
to a proposal by U.S. President Joe Biden to transfer the frozen assets of
Russia’s elite to Ukraine, Russia’s most senior lawmaker said on Sunday.

Biden on Thursday stepped up support for Ukraine, asking Congress for $33
billion to help Kyiv, and to allow the U.S. state to seize more assets
owned by Russian oligarchs and give the proceeds to Ukraine.

Duma Chairman Vyacheslav Volodin said the sumptuous yachts and villas of
Russia’s oligarchs had not helped Russian development but that the West
appeared to be engaged in simple “theft”.

“It is right to take mirror measures towards businesses in Russia whose
owners come from unfriendly countries where such measures were taken:
confiscate these assets,” Volodin, who often voices the Kremlin’s views,
wrote on his Telegram channel.

“The proceeds from the sale should be used for the development of our
country,” he said. “A dangerous precedent has been created: it should hit
the ‘States like a boomerang.”

Russia’s Feb. 24 invasion of Ukraine prompted the United States and its
allies to impose the most severe sanctions in modern history on Russia and
Moscow’s business elite, steps President Vladimir Putin casts as a
declaration of economic war.

Putin has repeatedly cautioned that Moscow will respond in kind, though
thus far the Kremlin’s toughest economic response has been to cut off gas
supplies to Poland and Bulgaria and demand a new payment scheme for
European buyers of gas.

After the West imposed sanctions on Russia, the $1.8 trillion economy is
heading for the biggest contraction since the years following the 1991
fall of the Soviet Union amid soaring inflation.

A significant transfer of Russian assets has begun, as the Russian state
gains even more influence over the economy, many major Western investors –
such as energy giants BP and Shell – exit, and oligarchs try to
restructure their business empires.

As so many Western owners either sold their Russian stakes or shuttered
their businesses, it was not immediately clear which specific assets in
Russia could be under threat.

Russia has proposed putting companies that have left Russia into external
administration, and Kremlin chief Putin has said Russia will now look
eastwards to China and other countries after what he casts as the West’s
perfidy.

Volodin singled out Lithuania, Latvia, Poland, and the United States as
countries which were engaged in the “theft” of Russian assets.

https://www.euronews.com/2022/05/02/us-ukraine-crisis-russia-duma

On Mon, 02 May 2022 10:53:07 +0100, slider <slider@anashram.com>
wrote:

>LONDON -Russia should confiscate property owned by Westerners in response
>to a proposal by U.S. President Joe Biden to transfer the frozen assets of
>Russia’s elite to Ukraine, Russia’s most senior lawmaker said on Sunday.

Yeah, the high tech equipment left by Shell, electronics factories etc
- the Russians wouldn't know how to operate it lol

Have you heard the one about all the UA agricultural equipment stolen
by Russians and trandsported out of the country? It's all high tech
with encrypted computer paks etc and it's all been remotely disabled
so it will never work, unless the coding can be cracked. Which it
can't, it's AES256 minimum, military grade.

Lol.