Politics
Presidential decree on demand and protection of Russian property abroad
The President of Russia, Vladimir Putin, has signed a decree to allocate funds for the legal protection of real estate of the Russian Federation abroad, including those of the Russian Empire and the USSR. At the same time, funds are also allocated for the search for Russian properties abroad.
Russia allocated funds to the request, layout and legal protection of property belonging to a foreign country, including the times of the USSR and the Russian Empire. An order about it was signed by Russian President Vladimir Putin on January 18, Izvestia reports.
Subsidy for these purposes was received by a foreign property management company, which is part of the Presidential Administration (UDP) of Russia. It is assumed that the funds must cover all financial costs of carrying out the necessary actions.
Another subsidy for the reimbursement of expenses for the maintenance and operation of federal Russian real estate abroad was allocated to the company by decree of the state government.
“To designate the Federal State Unitary Enterprise “Enterprise for Property Management Abroad” under the Administration of the President of the Russian Federation as a recipient of a subsidy provided by the federal budget for financial support of expenses related to the search for real estate of the Russian Federation , the former Russian Empire, the former USSR, the correct registration of the rights of the Russian Federation in relation to the existing federal real estate and the open real estate of the Russian Federation, the former Russian Empire, the former USSR and legal protection of this property,” the document reads.
According to the decree adopted in 2015, the State Department and the Ministry of Foreign Affairs of the Russian Federation must deal with the search and layout, as well as the protection of foreign real estate in Russia, within the limits of their competence. A state subsidy was allocated for these purposes. However, starting in 2021, the rules for the allocation of funds were adjusted, and a request for similar property ceased to be the basis for the allocation of new funds. The current decree restores subsidies and appoints a specific authorized enterprise.
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On November 7, Ecumenical Patriarch Bartholomew sent a congratulatory letter to the newly elected US President Donald Trump, wishing him health, strength and success in his upcoming second presidential term.
“Recognizing the enormous responsibilities of such a leadership position, we pray that your decisions will be guided by wisdom and compassion, as well as by the strength necessary to maintain harmony and security in your great and God-protected nation,” noted Patr. Bartholomew:
“The Ecumenical Patriarchate, with its ancient history and its fundamental commitment to dialogue and reconciliation, remains a constant supporter of all efforts to promote peace and understanding between people of different cultures and beliefs. We hope that under your leadership the United States will continue to support the cause of religious freedom and human dignity – values that resonate deeply in the Orthodox Christian tradition and all faith communities,” the congratulatory letter said.
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The last of Russia’s major state-owned banks, which retains access to the SWIFT system for international payments in the world’s major currencies, will become subject to new US sanctions.
The White House is considering blacklisting Gazprombank, the Russian Federation’s third-largest bank by assets, which is a “hub” for gas payments with Europe. As the Nikkei reported, citing officials familiar with the matter, GPB could be subject to blocking sanctions: it would be barred from any transactions with US banks. A decision on sanctions will be made by the end of November – the United States has notified its G7 partners about this, sources told the publication, including high-ranking European officials.
Directly owned by Gazprom with a third and another 40% by its pension fund, Gazprombank is not yet subject to strict Western restrictions: in the United States it is only prohibited from raising capital on the debt market, although its top managers and a subsidiary are subject to blocking sanctions IT company. In the European Union, GPB also avoids blacklists, and only Britain has introduced blockers against the bank.
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