Putin’s Statement on Western Firms’ Russian Assets
On 1 October 2026, Russian President Vladimir Putin addressed the Valdai Forum of international experts, stating that Russia has placed a number of European companies under temporary external administration. He emphasized that this step does not constitute nationalisation of foreign property, but is a response to what he described as Western countries seizing Russian assets, specifically citing Germany as an example of a “blatant breach of every conceivable and inconceivable rule.”
Putin confirmed that, should “favourable conditions” arise in the future, the affected Western firms could have their Russian assets returned to them. The remarks were published by Reuters and appear on Investing.com, with the article generated with AI support and reviewed by an editor.