Russia’s Economic War With the West Moves to a New Frontline
European companies are at risk of losing assets with little or no compensation as the Kremlin retaliates against sanctions
Russia’s economic confrontation with the west following the Kremlin’s invasion of Ukraine is entering a dangerous new stage. Until now, Moscow had mostly focused its retaliatory measures on squeezing European energy markets. But after a string of court decisions in Europe freezing Russian assets there, the Kremlin has begun escalation and created a legal framework for the temporary nationalisation of foreign assets in the country.
