The Guardian:Putin adviser vows legal battles against attempts to seize Russian assets

Views: 0

Moscow will fight attempts to seize Russian property abroad in courts around the world, the former president Dmitry Medvedev has said.

© Getty Deputy chairman of the Russian Security Council Dmitry Medvedev speaks during a meeting with members of the Security Council in Moscow on February 21, 2022. – Russian President Vladimir Putin said on February 21, 2022, he would make a decision “today” on recognising the independence of east Ukraine’s rebel republics, after Russia’s top officials made impassioned speeches in favour of the move. (Photo by Alexey NIKOLSKY / Sputnik / AFP) (Photo by ALEXEY NIKOLSKY/Sputnik/AFP via Getty Images)

Medvedev, who advises Vladimir Putin on national security matters, said in a post on Telegram on Wednesday that Russian businesses whose assets are subject to sanctions would take legal action in the US, EU and elsewhere.

“Our opponents … should understand that they will face a large number of cases in courts. Both in the national courts of the United States and Europe and in international courts,” wrote Medvedev.

Since President Putin launched the invasion of Ukraine in late February the US, EU, UK and other allies have targeted sanctions at a series of Russia’s richest businessmen and companies ranging from state-controlled banks to arms manufacturers.

Medvedev served as president between 2008 and 2012, before Putin reassumed the presidency. He is deputy chairman of Russia’s Security Council, which is headed by Putin and advises the president on national security, and he has used the social network to issue a mixture of threats and comments about sanctions on Russia since his country’s invasion of Ukraine.

Many of the sanctions against Russian interests have included asset freezes. Trophy assets that have been affected include company stakes, such the billionaire Roman Abramovich’s shares in Chelsea Football Club and in London-listed steelmaker Evraz. There is also a growing list of superyachts and planes linked to oligarchs that have been prevented from leaving to more friendly ports.

In the UK an asset freeze prevents the owners of assets such as land, buildings, company shares or artworks from gaining any economic benefit from them, including via their sale. However, those assets are not legally confiscated.

Russia’s government has in the past proven adept at using the courts of other countries. In one notable case the Russian state successfully pursued Sergei Pugachev, a former senior Kremlin official who ran an election campaign for Putin, in London courts to claim ownership of UK property that Russia claimed was bought with stolen funds.

In his Telegram post, Medvedev acknowledged that the courts systems in the US and Europe have “a significant degree of independence”, but complained that sanctions against Russian businessmen were like the Spanish Inquisition, the search for heretics around the 16th century.

Putin adviser vows legal battles against attempts to seize Russian assets (msn.com)