cross-posted from: https://exploding-heads.com/post/115624

Russia is to adopt powers to seize assets of “naughty” western companies and will make it harder for them to exit the country, as Vladimir Putin seeks ways to retaliate against US and European sanctions. The Kremlin last week secretly ordered legislation to enable western assets to be appropriated at knockdown prices and is discussing even more draconian measures to fully nationalize groups, according to people familiar with the deliberations.