Profile image
Story Views

Last Hour:
Last 24 Hours:

Russia Warns It Will Retaliate After Assets Seized in Oil Company Case

Friday, June 19, 2015 8:59
% of readers think this story is Fact. Add your two cents.

(Before It's News)

    Russian Foreign Minister Sergei Lavrov. (Pavel Golovkin/AP)

In an expression of growing tension between east and west, the Russian government has threatened to retaliate against foreign firms operating in its country over the freezing of Russian assets in western Europe.

The Russian assets were freezed in Belgium and France in connection with a legal case involving the Yukos oil company, which was broken up after its owner was arrested in 2003.

The Guardian reports:

The Russian foreign minister, Sergei Lavrov, said in televised comments that Russian entities affected by the moves were preparing to go to court to force the freezing of the assets of “foreign companies with government involvement” in Russia.

In Belgium, accounts of the Russian embassy in Brussels and representative offices at the European Union and Nato headquarters were among those affected, the Russian foreign ministry said on Thursday.

In France, accounts in about 40 banks were frozen along with eight or nine buildings, Tim Osborne, executive director of the main shareholder GML, told AFP.

“Russia is working on it. What our response will be – time will tell,” the deputy foreign minister, Vasily Nebenzya, told Interfax news agency, adding that “whoever acts like this has to understand that there will be a counter reaction”.

Read more here.

—Posted by Alexander Reed Kelly.

Related Entries


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.