Russia Proposes Confiscating US, European Assets If Sanctions Adopted

Tyler Durden's picture

Following warnings from US and European nations over economic (and travel) sanctions against Russia, the upper house of Russia's parliament has struck back. As RIA reports, Russia is mulling measures allowing property and assets of European and US companies to be confiscated in the event of sanctions being adopted. Layers are studying the costitutionality of the 'confiscation' but cite Europe's standards (i.e. Cyprus) as precedent. This is further to the threat to "dump US goverment bonds" issued earlier in the week.

 

Via RIA,

The upper house of Russia’s parliament is mulling measures allowing property and assets of European and US companies to be confiscated in the event of sanctions being adopted against Russia over its threatened military intervention in Ukraine.

 

The bill’s author, Federation Council constitutional legislation committee head Andrei Klishas, said Wednesday that lawyers are currently studying whether the proposed confiscations would be constitutional.

 

“But we have no doubts that it clearly corresponds to European standards,” Klishas told RIA Novosti. “The recent events in Cyprus spring to mind, where the confiscation of assets was the main demand made by the European Union in return for economic aid.”

 

An adviser to President Vladimir Putin said Tuesday that authorities would issue general advice to dump US government bonds if Russian companies and individuals were targeted by sanctions over events in Ukraine.

Perhaps that is why the UK backed away from sanctions so quickly?

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sudzee's picture

Gold for Gas bitches

 

Dr. Richard Head's picture

That is the one move that really could checkmate this entire fiat system.  I'm no fan of any government entity at this point, but do look forward to someone finally turning over the tables of the money changers. 

 

Thought Processor's picture

 

 

I'm not convinced that Putin has really gone Rogue here but if he has then this would be a decent first step.

 

ie: If he really were acting on his own then he would likely begin to detach from the Western Money system.

BaBaBouy's picture

RUSSIA Thanking Its Lucky Stars It Doesn't Store Its GOLD At The FED.

As For GERMANY... What FED GOLD ???

RaceToTheBottom's picture

Where do you think the Oligarchs store their "earnings"?  Some Russian bank?

It might be interesting to compare assets:

Western companies and individuals with assets in Russia VS

Russian company assets including individual Oligarch's assets held in the west....

 

What do the chess players among ZH readers call this move?

Boris Alatovkrap's picture

Typical Russia misogyny is grab assets.

Scoobywan's picture

Long castle 0-0-0. High risk, high reward, opens your A or H column for attack, but could give you control of E or D.

I would think you are correct about Russian assets abroad, harder to find though....

RaceToTheBottom's picture

Wasn't it Credit Suisse and UBS that gave them a template?

You did not think they were really after the taxes, did you?

The days before Cyprus were also very educational.  The NSA learned a lot then...

 

Silly me, I was thinking the chess move was some sort of bravado bluff, by Putin.  He does not want it to happen cause he is more at risk short term than the US is.   Long term, diff story

Thought Processor's picture

 

 

Yes, all of the above lend evidence to this happening.

 

Then the question is:  is it planned to initiate a world wide reset or is it 'real'.

 

Neither option leads to a very good place.  Both will lead to armed conflict of some sort, with wide civil unrest and dislocated markets.  

I'll probably only be convinced when someone nukes a primary Central Bank asset or two somewhere.  Then it's game on for real.

 

This whole thing has Spook fingerprints all over it.  Therefor it's hard to figure out exactly what is 'real'.

BaBaBouy's picture

RUSSIA Thanking Its Lucky Stars It Doesn't Store Its GOLD At The FED. GERMANY??? Try And Collect It...

johnQpublic's picture

some things need to be said twice

Dollarmedes's picture

Everybody who deals with autocrats is being put on notice. The message is clear: you can't trust these regimes with your money or capital investment. When TSHTF, they will simply take your stuff.

This will have implications for Russia, China and the imminent re-investment in Iran.

Bluebear's picture

Hey why stop at Russia and China?  Who took money from the bank depositors in Cyprus?

horseman's picture

And who took my money from my MFGlobal account?

gezza65's picture

What and you trust your government? ROTFL

Wait, are you posting from Colarado?

BorisTheBlade's picture

Agreed, provided you include Obama and Bush into list of autocrats. How that rule of law applied when it was important 'to matters of national security' or friends and families of those in DC? Now, that is the question.

Dollarmedes's picture

Yeah. I forgot the US and EU...my bad.

NoDebt's picture

He hasn't gone rogue.  He's figting a multi-faceted battle.  Kinda like playing Chess, don't you think?  

That he's winning despite starting with fewer pieces of the board probably should tell you something about his skill level relative to his opponents.

 

Scoobywan's picture

I'll take 2 rooks and 2 knights over 8 pawns all day and twice on sunday.

Dr. Richard Head's picture

Hard to tell who is winning other than organized criminal thug operations - aka governments.  The reality is that all of this is playing out on the world stage and the plebes are stuck masturbating themselves on FaceFart and Instagramification, watching their sports, and just self-grandizing in general. 

For instance, I fought a four year battle to get a petition initiative on the ballot of my local village to pull back a 1% tax credit to people working outside of the village.  I went around to the sheep and tried to use the system to get people involved, but most said I was just paranoid and none of what I was talking about would affect them.  As soon as the tax bills started pouring in, those same sheep that dismissed me at a crank starting calling me to get me to "do something" again.  Giving these shit heads around us the facts of the situation is as useful as fucking a hot pocket - he who does the screaming get his pecker burnt.  In the end, the village is putting their own initiative on the ballot to tax those working in the village higher (which would just be the $85K a year teachers who are being paid with property taxes), so in the end they will get my capital one way or the other.  The plebes will vote for this (mark my words) as they will be sticking it to those "union thug" teachers, thereby approving yet another pick of their pockets, all while feeling so vindicated about it. 

The governments win in the end is my point, I guess. 

TheFourthStooge-ing's picture

.

Giving these shit heads around us the facts of the situation is as useful as fucking a hot pocket - he who does the screaming get his pecker burnt.

Bravo.

Crash Overide's picture

Sanctions you say?

Okay, if you want to play that game I will seize your assets in my country, dump your debt, and send the USD packing...

Putin's pimp hand is smacking down everything they throw at him.

Winning!

 

Putin is not a hero or someone to look up to but if all this is for real I love seeing the bankers get bent over for once.

Spastica Rex's picture

I think the end of the dollar is the end game.

Harbanger's picture

The Russians who are now in alliance with China can easily end the US dollar.  Gold bitches, there won't be anything else to run to.

Spastica Rex's picture

To me, the world looks like its run by competing gangs, with the US as the biggest gang. At some point, one or more of these gangs will try to topple the US, and they'll do it by destroying the dollar. They'll have to risk a great deal to even attempt it.

johnQpublic's picture

gangs, or perhaps 13 tribes

KickIce's picture

Looks more like east vs west and the east is tired of getting bitch slapped and has their own ideas of what the NWO should look like.

john39's picture

the U.S. is just the muscle.  the little midget telling the gorilla what to do will be looking for a new host or new strategy however, as the gorilla is clearly very very ill.

Spastica Rex's picture

I see that, too. There are those who profit no matter which nation states (and supra-nation-states) are on top. I've lately been thinking about how much profit could be realized if a new cop needed to be trained and armed to police the world.

Parasites and hosts - deep, deep, deep structures.

Vampyroteuthis infernalis's picture

Everyone keeps say this will kill the USD. No, it won't The rest of the world will continue on as they are. The only losers will be US and EU entities that get their property confiscated. Any one knows a thing about Russia knows it is not a transperant system. Those are the way things go. Tough luck!

Spastica Rex's picture

Everyone keeps say this will kill the USD.

I've not said it, and I'm not saying it now.

I'm one of those morons with lots of questions, and very few answers.

TrustWho's picture

George Orwell diagnosed the governmental structure accuarately in early 20th century. 

1984 Explains all much better than Nostradamus could ever dream!

Dr. Engali's picture

To me, the world looks like its run by competing gangs"

 

 

Star Trek is way ahead of you.

 

 A Piece of the Action.

 

https://www.youtube.com/watch?v=7pg87RxxhyA

Scoobywan's picture

China doesn't grow enough too feed Russia, and most of Russia's food is grown in and around the Ukraine. As long as the US has its foot on the throat of all the starving people nothing changes.

sessinpo's picture

China and Russia care about feeding its people?

PHantomofthemarkets's picture

Did you ever heard about a continent called Africa?

Why do you think the Chinese have build up their portfolio overthere in the last decade? :o

Scoobywan's picture

Africa?

With the exception of Ethiopia and the rest of western Africa, little can be grown there now and in the near future.

Only 3% of Africa's current arable land is irrigated.

The Sahara grows bigger each year.

We are talking decades to turn Africa into the bread basket it could be. Thats decades that the dollar still controls everything.

Semi-OT..

Whose gonna man those farms? Native Africans aren't known for much more than reproduction and civil war.

Urban Redneck's picture

You apparently don't know shit about Africa, or farming.

I'm rolling out almost 4000 acres of new farmland to support 2 factories over the next year in Africa, guess how much of it irrigated? Less than 200 acres (and that's only if we choose to implement non-essential capex items, because we blew through our numbers elsewhere).

The timeline between financial close and first harvest hitting the production line (as opposed to out-cropper sourced raw materials) is under 10 months.

silvermail's picture

This Russia is world leader in the export of wheat. Russia, but Ukraine. Also, two days ago, Russia has introduced the first economic sanctions against the United States.
This ban the import to Russia of pork from the U.S..
And right now, they are discussing a ban on the import to Russia, poultry meat from the United States.

Thought Processor's picture

 

 

Ultimately yes.  Then the Reset.

 

Keep in mind that in order for the NWO to take 'Overt' control they need to take down the US first.  So it's more than just the dollar.   They'll need to suspend the constitution somehow also in order to nulify the US influence on the rest of the world (this is happening in slow motion now).

Winston Churchill's picture

Mrs. C wants us to go to NYC over the 4th of July to take in some Broadway shows.

Not the time, or place I want to be.

Having trouble convincing her without the risk of commitment though.

 

Harbanger's picture

Buy life insurance for her protection in case something happens, buy two tickets in advance for the occassion, then get sick and send her and her mother.

Winston Churchill's picture

Nice.

Double indemnity for death by irradiation.

RaceToTheBottom's picture

I say suck it up and go for it.  She could have asked you to go to Kiev and take in the Opera, both of them:  The one you pay to dress up and attend, and the other one, occurring in the streets....

813kml's picture

I agree that the dollar is heading into the home stretch, but I don't understand the thinking that the NWO wants to "take it down".  The Euro and dollar are under complete control of Western banks and the NWO is desparate to prop them up by any means necessary.  Why would the powers that be purposely destroy the dollar when it is already the reserve currency and can be printed ad infinitum to fund the most menacing military in recorded history?

The NWO knows that the BRICS will have a much larger say in whatever succeeds the dollar as reserve currency, a basket of currencies or gold standard would seriously cripple their aspirations of world domination.  I think posters at ZH give too much credit to their puppet masters, incompetence and hubris are mistaken as nefarious plans.  As evidenced by the Ukraine mess, there are factions of the NWO and Deep State actively working against each other's interests rather than one grand coordinated effort.