19:01 GMT17 February 2020
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    Russia will definitely respond to the seizure of its state assets abroad and the measures will be taken quickly enough, Kremlin Chief of Staff Sergei Ivanov said Saturday.

    MOSCOW (Sputnik) – Earlier this week, France and Belgium froze Russian government assets, including bank accounts, as part of last year’s court ruling over the now-defunct Yukos oil firm.

    “I know beyond a shadow of a doubt that they will follow [retaliatory measures],” Ivanov said in an interview with Sergey Brilev, host of the "Vesti v Subbotu" (Saturday News) television show.

    “Of course, retaliatory measures are inevitable and they will be taken quickly enough.”

    In July 2014, the Permanent Court of Arbitration in the Hague ordered Russia to pay $50 billion in compensation to a number of companies which were once Yukos’ stakeholders.

    Moscow's court of arbitration declared Yukos bankrupt in 2006. State-run Rosneft subsequently purchased about 80 percent of the company's assets.

    Related:

    Russian Assets' Seizure Abroad Reminds of Medieval Robbery - Lawmaker
    Russia to Launch National Court Cases Over Seizure of State Assets Abroad
    Lavrov Promises Reciprocal Response to Seizure of Russian Assets Abroad
    Tags:
    property, seizure, Yukos, Sergei Ivanov, Russia
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