POSSIBLE CLAIMS AGAINST RUSSIA FOR EXPROPRIATION OF FOREIGN INVESTMENTS

On 8 April 2022, a draft law was introduced in the Russian Duma (Parliament) which would allow Russia to expropriate property of foreign nationals from “unfriendly” countries – those that have imposed sanctions on Russian entities and individuals. This news came on the heels of a draft bill introduced the previous day which would impose criminal punishment for the implementation of anti-Russian sanctions in Russia, as well as a number of other measures taken in recent weeks to retaliate against foreign companies.

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