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6/21/15

Europe Takes Over Putin TV - by Catherine A. Fitzpatrick

In what is arguably the most significant move against Russian wealth and influence in Europe, Belgium, France and Austria today all froze various assets belonging Russian state-owned enterprises in connection to civil case the Kremlin lost a year ago and for which it has refused to ante up damages.

The winner of that case, Yukos, once Russia’s largest oil company, was awarded $50 billion in July 2014 after an international arbitration court found that it had had its own assets expropriated by the Russian government over a decade ago.

The freeze affects the state wire service TASS, the state media holding company Rossiya Segodnya, and other state media abroad.

“We are working on this issue within the framework of a common government policy,” TASS said in a press statement, refusing to provide more details.

Read more: Europe Takes Over Putin TV - The Daily Beast

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