Putin signs decree allowing state seizure of businesses hit by drone strikes

AI Summary

Russian President Vladimir Putin signed a decree allowing state seizure of businesses impacted by drone strikes, especially in critical sectors such as energy, transport, and logistics. Experts warn this move represents 'hybrid nationalisation' under the guise of national security, with potential implications for asset seizures.

The edict covers energy, transport, logistics and any facility deemed critical to national security, and can be imposed by presidential instruction alone. Experts called it "hybrid nationalisation," warning it would be used to seize assets from companies under the pretext of security failure.