Wednesday, July 31, 2024

What’s Driving Russia’s Biggest Property Redistribution (expropriations, nationalizations) in Thirty Years?

Putin the Terrible at work! Arbitrary, lawless expropriations like in the Soviet era have returned!

"Property rights in Russia have become yet another victim of the ongoing war in Ukraine. Since the full-scale invasion, we have seen assets owned by foreigners nationalized via presidential decree; prosecutors and courts overturn decades-old privatizations to benefit members of President Vladimir Putin’s inner circle; property owned by residents of occupied Ukraine who oppose Russian rule handed to decorated Russian military veterans; and companies, land, and real estate taken off those designated as “extremist.” ..."

What’s Driving Russia’s Biggest Property Redistribution in Thirty Years? - Carnegie Russia Eurasia Center "In Putin’s Russia, property rights have become casualties of war, with a precarious reliance on personal approval supplanting legal frameworks, foreshadowing potential chaos in a post-Putin era."

No comments: