Russia to Launch National Court Cases Over Seizure of State Assets Abroad

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Judge hammer - Sputnik International
Russia will launch cases in national courts over the seizure of its assets in the countries that seized them, Justice Minister Alexander Konovalov said Friday.

View of Russian Ministry of Foreign Affairs building - Sputnik International
Two Can Play This Game: Russia Warns Belgium Asset Freeze Works Both Ways
ST PETERSBURG (Sputnik) — The Permanent Court of Arbitration in The Hague instructed that 47 Belgian and Russian companies be stripped of assets to the tune of 1.65 billion euros ($1.87 billion) in connection to a lawsuit by former shareholders of the now dismantled Yukos oil company on Wednesday.

Following The Hague court's decision, Belgium and France began seizing Russian state-owned property abroad.

"We shall [launch the court case]. In the national courts, of course. We shall, for sure, if the situation is not solved," Konovalov said.

According to the minister, the decision to seize the Russian property could be called off.

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