Putin signs decree on retaliatory measures on sanctions, state media says

Uliana Pavlova and Josh Pennington

Russian President Vladimir Putin on Tuesday signed a decree introducing possible retaliatory measures if Russian assets abroad are seized, Russian state news agency TASS reported.

The decree, which was also published on the Kremlin website, outlines that if Russian assets are seized by “hostile countries,” Moscow will place foreign assets in Russia under its temporary control, according to TASS.

The decree also declares that temporary management of assets can only be reversed and undone if the Russian president decides so.

TASS reported that Moscow has taken temporary management for assets of gas distributor Uniper SE’s Russian division.

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