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Ukraine can now seize property from Russians

Ukraine’s Verkhovna Rada (Parliament) voted on Friday to expand a law allowing Russian government property to be nationalized by the Ukrainian state. The law now extends to Russian citizens in Ukraine, those with a “close relation” to Russia, and Ukrainians who publicly support or ignore Moscow’s military operation. The measure …

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More Russian money and property seized in Europe

Italy and the Netherlands have frozen assets worth $1.7 billion belonging to Russian citizens, in line with the bloc’s sanctions against their country, the media reported on Tuesday. Italy seized assets worth over $882 million (€800 million) belonging to wealthy Russians on the EU blacklists, Prime Minister Mario Draghi said …

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Poland wants to confiscate Russian-owned property

Polish Prime Minister Mateusz Morawiecki has proposed the confiscation of Russian-owned properties, as part of broad sanctions in response to Moscow’s attack on Ukraine. “We want to raise the issue of how Poland could freeze and confiscate Russian assets in our country,” Morawiecki told Sunday’s Wprost magazine. “On the one …

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Taiwan furious as diplomatic property is transferred to Beijing

Authorities in Taipei lashed out at Nicaragua’s decision to hand over to Beijing the building in Managua that previously served as the embassy of Taiwan. Taiwan’s Foreign Relations Ministry called the move “unlawful and utterly disgusting,” blasting the “Ortega regime” for blocking the plan to sell the property to the …

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Russia ready to back waiving intellectual property rights for Covid vaccines, as Putin says now ‘not the time to maximize profits’

The proposals to waive intellectual property rights for Covid-19 vaccines “don’t contradict” the rules of the World Trade Organization (WTO), which allow such an option during emergencies, Putin said on Thursday. The Russian president instructed Tatyana Golikova, the deputy prime minister responsible for social policy, to explore patent waivers. “Of …

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Biden admin backs proposal to lift intellectual property rights on Covid-19 vaccines, Pfizer & Moderna stocks slip

“These extraordinary times and circumstances call for extraordinary measures,” US Trade Representative Katherine Tai tweeted on Wednesday. “The US supports the waiver of IP protections on COVID-19 vaccines to help end the pandemic and we’ll actively participate in @WTO negotiations to make that happen.” There have been calls for months …

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