May 24, 2024
2 mins read

Putin signs decree to allow confiscation of US property

Ratner discussed the relationship between Russia and North Korea as well as “serious concern over China’s support for Russia’s defence industrial base that enables Russia’s war in Ukraine,” the Pentagon said in a readout…reports Asian Lite News

Russian President Vladimir Putin signed a decree on the seizure of US properties in response to the US’s potential confiscation of Russian assets.

According to the decree, the Russian Central Bank and Russian entities will have the right to seek legal redress in court in case of the unlawful seizure of properties by the US, Xinhua news agency reported.

A special commission of the Russian government will identify US assets or properties, including movable and immovable US properties in Russia, securities, shares in Russian enterprises, and property rights, which can be used to compensate for losses incurred.

The government has been given four months to introduce amendments to Russian legislation to facilitate the implementation of the decree.

Earlier this week, a top US defence official has warned his Chinese counterpart about China’s increasing cooperation with Russia, even as Chinese President Xi Jinping and Russian President Vladamir Putin met and pledged to strengthen ties between the two countries.

Ely Ratner, US Assistant Secretary of Defence for Indo-Pacific Security Affairs, spoke by video teleconference with China’s) Major General Li Bin, Director of the Central Military Commission Office for International Military Cooperation, on Friday.

Ratner discussed the relationship between Russia and North Korea as well as “serious concern over China’s support for Russia’s defence industrial base that enables Russia’s war in Ukraine,” the Pentagon said in a readout.

Putin was on an official two-day visit to China to mark the 75th anniversary of the establishment of ties between Moscow and Beijing, during which he and his Chinese counterpart Xi Jinping pledged a “new era” of partnership.

The US Defence Assistant Secretary also reiterated that the United States remains committed to the ‘One China’ policy, which is guided by the Taiwan Relations Act, the Three US-China Joint Communiques, and the Six Assurances, and he reaffirmed the importance of maintaining peace and stability across the Strait.

The US official also spoke with his Chinese counterpart about the escalating tension between China and the Philippines near the South China Sea shoal.

China, meanwhile has criticised the US of “military collusion” with Taiwan.

ALSO READ-No Plans to Capture city of Kharkiv, Says Putin

Previous Story

IOC Inspires with ‘Let’s Move India’

Next Story

UAE to invest $10b in Pakistan

Latest from -Top News

Jaishankar Co-Chairs Key Russia Talks

The session, aimed at further deepening bilateral relations, is a key engagement in his ongoing three-day official visit to Russia…reports Asian Lite News External Affairs Minister S. Jaishankar will co-chair the 26th

Putin, Trump Hold Call on Ukraine

During the discussions, Trump briefed Putin about the dialogue he had with Ukrainian President Volodymyr Zelensky…reports Asian Lite News Russian President Vladimir Putin and US counterpart Donald Trump spoke by phone on

India’s Healing Touch Reaches Guyana

The initiative, backed by the Indian High Commission in Georgetown, stands as a testament to India-Guyana friendship …reports Asian Lite News Fulfilling Prime Minister Narendra Modi’s pledge, India has delivered artificial limbs

Doval Meets Wang Yi in Delhi

The meetings could see both sides deliberate on a range of key issues, including the border situation, trade and resumption of flight services….reports Asian Lite News National Security Advisor Ajit Doval met
Go toTop