Putin Decree Lets Russia Seize Infrastructure Damaged by Ukrainian Drone Attacks
The decree covers energy, communications and transport assets as Ukraine’s drone campaign has damaged Russian refineries and other facilities.
- On Aug 24, Russian President Vladimir Putin signed a decree allowing the state to temporarily take over critical infrastructure if private owners fail to properly protect assets against drone attacks.
- After Ukrainian strikes deep inside Russia, Putin told state television that Moscow "must and will improve the air defense system and enhance its capabilities" to streamline coordination between defense and civilian agencies.
- The decree applies to energy, industrial, communications, transportation and logistics sectors. Analyst Abbas Gallyamov described the measure as "tactical," designed to pressure owners of repeatedly damaged refineries to undertake repairs.
- Deputy Prime Minister Denis Manturov stated the decree does not imply nationalization, only "involvement of the state in the management of an enterprise" to solve specific security problems.
- As the war enters its fifth year, the government extended tax deadlines for Wildberries to provide financial relief. Taking over major companies could potentially bring windfall revenue to manage Russia's budget deficit.
12 Articles
12 Articles
Russian companies that are unable to defend their critical infrastructure are now at risk of having their management temporarily taken over by the state, which will have broad rights to dispose of them and their assets, including securities and shares, according to a decree signed by Russian President Vladimir Putin on Monday.
The country faces major economic challenges as this costly war drags on.
Russia Allows State to Take Over Infrastructure Vulnerable to Damage From Drone Attacks
Russian President Vladimir Putin signed on Aug. 24 a decree allowing the state to temporarily take over critical infrastructure if private owners are considered to have failed to properly protect their assets against the risk of damage by drone attacks. The decree, which came into effect on Monday, also allows the Russian state to administer an entity if an owner fails to restore its functioning in a timely manner. Critical infrastructure named …
The Russian State Can Now Take over Companies if Their Owners Do Not Protect Them From Drone Attacks
Putin's decree issued on Monday applies, for example, to the energy sector, logistics companies, but also to industrial facilities.
Faced with an economy under pressure, the Kremlin tightens on the Russian private sector. ...
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