Story perspectives

Putin Offers Path for Western Firms to Recover Russia Assets

By Drooid · Oct 2, 2026, 12:02 AM UTC · How we work

Summary

Story summary

President Vladimir Putin said Western companies could recover Russian assets if conditions become favourable.
He made the remarks at the Valdai Forum of international experts.
Russia placed several European companies under temporary external administration as a response to Western asset seizures.
Putin asserted Russia has not nationalised foreign property and cited Germany for seizing large Russian enterprises.

History

Historical Context

In June 1918 Bolshevik Council of People's Commissars issued a Decree on Nationalisation, placing foreign-owned enterprises British oil firms and French banks under state control. This followed the December 1917 creation of the Supreme Council of National Economy (VSNKh) and the April 1918 seizure of foreign trade, and historians record that fewer than 500 firms had been nationalised beforehand—a precedent cited by Putin at the Valdai Forum.

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Story summary

President Vladimir Putin said Western companies could recover Russian assets if conditions become favourable.
He made the remarks at the Valdai Forum of international experts.
Russia placed several European companies under temporary external administration as a response to Western asset seizures.
Putin asserted Russia has not nationalised foreign property and cited Germany for seizing large Russian enterprises.

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