Putin warns against seizing Russian assets abroad — Analysis

The President called the energy crisis in Europe a result of ‘crude, non-market measures’ introduced by Moscow’s opponents

Russian President Vladimir Putin claimed that the nationalization of assets was a double-edged tool, in response to Western countries offering to take over Russian assets.

“We’re already hearing announcements coming from some officials about the possible nationalization of some of our assets. This can go very far. Let no one forget that this is a double-edged weapon,”He cautioned Tuesday.

Putin observed that global energy has been in a serious decline as a consequence of “crude and non-market measures” introduced by foreign partners, including the mounting of pressure on Russia’s gas giant Gazprom. Putin charged European nations with trying to “shift the blame for their own mistakes in economy and energy onto Russia.” 

Germany seizes Russian gas company

On Thursday the President signed a decree which required that countries that had placed Moscow under sanctions pay their Russian gas bills with rubles starting this month. The Kremlin has warned that refusing to adapt to this would mean the end of gas supplies, which, it remarked at the time, it wouldn’t be giving away “free of charge.”Moscow claims that the only option was to change to its currency national, which could have been dollars or euros. “taken away.”

Earlier today 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 Gazprom’s retail arm.

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