Putin signs law limiting immunity of foreign states and their property

[2tallbill]

Putin wants to be able to seize more foreign assets.


Putin signs law limiting immunity of foreign states and their property in the Russia



More:
http://tass.ru/en/politics/847760

[2tallbill]

Is this anything like Mao's little red book?

Vladimir Putin’s Quotes: A Collection for the Discerning Russian Official
By NEIL MacFARQUHAR New York Times

read more here
http://www.nytimes.com/2015/12/30/world/europe/russian-officials-get-a-gift-from-the-kremlin-a-book-of-putin-quotes.html?_r=0

[2tallbill]

I'm not sure, the Soviets used the West as boogeymen for quite some time.

Russia can only use the United States as an excuse for so long
By John Lloyd


read about it here
http://blogs.reuters.com/great-debate/2015/12/29/russia-can-only-use-the-united-states-as-an-excuse-for-so-long/

[alex330]

Putin wants to be able to seize more foreign assets.


Putin signs law limiting immunity of foreign states and their property in the Russia

With shrinking coffers they need to be creative with ways to generate revenue.

[2tallbill]

With shrinking coffers they need to be creative with ways to generate revenue.

I just think they need more tools for their shakedowns

[zooble]

This doesn't sound aimed at your average person or company like McDonalds. Foreign states and their property being the key words. Sounds like foreign government owned things such as military bases (not that foreign countries have bases in Russia) and maybe even consulates/embassies (I say maybe because an embassy isn't on 'Russian soil' technically). What else has court immunity?

It could even be aimed at Crimea with all of the 'former' Ukrainian government property on there.

[BC]

http://tass.ru/en/politics/845979

helps clarify likely intent for this new legislation.

political tit for tat it seems..

[2tallbill]

http://tass.ru/en/politics/845979

helps clarify likely intent for this new legislation.

political tit for tat it seems..

The link didn't work.

Russia kleptocrats steals from companies and foreign shareholders. Some of these companies have
fought back in court and got Russian property which was overseas. Russia hates when they stole
something and then later must pay for it. So they are setting up ways to steal things back.

Let's say your company agreed to do some drilling in Siberia. You spend a billion dollars figuring
out where the oil and gas is, then you drill a hundred oil wells and then Russia on some pretext
takes your work and keeps the oil and gas. You spent a billion dollars and it's in Siberia and now
it belongs to the kleptocrats in Russia.

So you hire a crafty lawyer and get a judgement against them in international court in Amsterdam.
(or wherever) Then you start looking for anything that Russia owns that isn't sitting in Russia. You
find out that they own an oil tanker that's currently in Country X about to make a delivery. So you
slap the judgement on the tanker full of crude and take it (or a payment that is due to Russia from
a government)

This really makes the Kleptocrats mad. So now they make this law and find that Country X owns
a warehouse full of Volvos in St Petersburg. So they get a phone bologna court order to steal the
warehouse full of Volvo's from country X.

That's what the law is all about to make their stealing of foreign assets easier and to give foreigners
less recourse.

Russia is doubling down on their kleptocracy. Nobody in their right mind would invest a single
dollar in Russia.   

[2tallbill]

Here are some companion articles

Lawmaker proposes state agency on managing risks from foreign lawsuits against Russia
More here:  http://tass.ru/en/russia/810209


Russia rules out possibility of compensation payment to ex-Yukos shareholders — minister
More here:  http://tass.ru/en/economy/801795


First applications of property attachment filed within Yukos case - media
Read more here:
http://tass.ru/en/economy/796242

Kremlin refuses to comment on Belgian claims to Russian assets in Yukos case
More here:
http://tass.ru/en/economy/801764


Russia preparing to thwart property arrests on Yukos lawsuits — minister
More:
http://tass.ru/en/russia/798870


European court ruling on €1.8 billion Yukos payout unbinding for Russia — justice ministry
More:
http://tass.ru/en/russia/783860



and more here

http://tass.ru/en/politics/845979

http://tass.ru/en/politics/833975

http://tass.ru/en/politics/821835

http://tass.ru/en/world/814212


http://tass.ru/en/russia/808395

[mendeleyev]

The law is exactly on using ways to extract additional monies from foreign corporations and individuals. Tit to tat, is a common Russian technique. You win a Yukos lawsuit, we go after someone like McDonalds or Pepsi.