Hacker News new | ask | show | jobs
by dunkelheit 1500 days ago
You are a bit late to the party. Many Russian assets have already been seized, among them the Gazprom subsidiary in Germany.

We are in a weird spot where Russia is very much interested in economic relationships continuing more or less as is (exemplified by the conciliatory rhetoric from the Russian government, essentially they are saying "no hard feelings, return any time" to the departing companies) so will mostly respect property rights. OTOH the West sees financial and economic relationships as their main weapon in this war so most funky moves related to property rights will be initiated by the Western governments (e.g. many "sanctions" essentially are extrajudiciary property seizures).

1 comments

> Many Russian assets have already been seized, among them the Gazprom subsidiary in Germany

Most Russian assets have been frozen, not seized. The German subsidiary made news for being an exception in that Germany took control of the subsidiary. But it’s still Gazprom’s property.

Are all of those mega yachts getting boarded not considered seized?
That is my understanding. The property still belongs to the owners
>> Are all of those mega yachts getting boarded not considered seized?

> That is my understanding. The property still belongs to the owners

IIRC, there are efforts being made to outright seize stuff like the yachts, sell them, and give the proceeds to Ukraine. I'm not completely up on the details, though. I think some criteria might be if the property is de-facto owned by the Russian state, or was acquired due to corrupt association with it.

What good is paper ownership if you can't actually use your property?
You get it back eventually