Story perspectives

Putin Signs Law to Seize Abroad Assets of “Hostile” Russians

6/12/2026

Summary

Story summary

President Vladimir Putin signed a law authorizing immediate confiscation of overseas assets of Russian citizens charged with hostile offenses.
The statute becomes effective on 1 September 2026.
It bans discrediting the military, calling for sanctions, breaching foreign-agent rules, joining undesirable groups and promoting extremism.
State Duma speaker Vyacheslav Volodin praised the measure as needed to protect soldiers in Ukraine, noting it originated in Tatarstan in October 2024.

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Story summary

President Vladimir Putin signed a law authorizing immediate confiscation of overseas assets of Russian citizens charged with hostile offenses.
The statute becomes effective on 1 September 2026.
It bans discrediting the military, calling for sanctions, breaching foreign-agent rules, joining undesirable groups and promoting extremism.
State Duma speaker Vyacheslav Volodin praised the measure as needed to protect soldiers in Ukraine, noting it originated in Tatarstan in October 2024.