Russian Federation

Russian Federation

Establishes a procedure to seize United States' assets

23 May 2024

On 23 May 2024, the President of the Russian Federation issued Decree No. 422, establishing a procedure to seize the assets of United States or United States legal persons and individuals as compensation for damages caused by the United States. The decree allows the Government and the Central Bank of the Russian Federation (CBR) to file claims in courts for the deprivation of property by the United States and seek compensation. If the court finds the claim valid, the Government Commission on Control over Foreign Investments (FDI Commission) will identify suitable United States assets in the Russian Federation for compensation, including real estate, securities, and other property.

Following this procedure, the identified assets might be seized and transferred to the Government or the CBR. The procedure will be specified within four months. The decree entered into force upon its official publication.

  • UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.

    In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.

    The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.

    Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.

  • The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.

    Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.

    Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.

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