Putin authorizes seizure of foreign assets deemed 'unfriendly'.

Russian President Vladimir Putin has signed a decree allowing temporary control over foreign companies' Russia-based assets, marking the country's latest retaliation to the freezing of its assets abroad over the invasion of Ukraine. The move will be handled by Russia's Federal Agency for State Property Management, Rosimushchestvo, and is described as "urgent action in response to the unfriendly and contrary to international law actions of the United States and its foreign associates." The Kremlin said the decree will be applied on a case-by-case basis and is not tantamount to expropriation.