The European Union has introduced a legal mechanism to seize assets of Russian companies as part of the 14th package of sanctions against Russia.
This measure will be a response to counter-sanctions - temporary management of subsidiaries of European firms (Fortum, Carlsberg) and seizures of assets of EU companies in Russia due to their default.
The new order of the 14th package of sanctions gives EU citizens and businesses the right to foreclose on possible assets of Russian companies, RBC reported.
Lawyers said EU businesses will turn to such a legal mechanism, although mass lawsuits are not expected. If such court orders are received, European firms will be able to appeal to the courts of third countries.
Recall that the White House policy is accelerating the dedollarization of the global economy. The EU reserved the right to deny Ukraine aid.