Moscow promises to closely monitor foreign businesses that return to Russia

21/6/2025 6:19

Russia's Prosecutor General Igor Krasnov, who has led the state's efforts to seize property worth 2.4 trillion roubles ($31 billion), on Friday said foreign companies that return to the country would be watched closely to ensure Russia benefited.



Moscow has placed around a dozen foreign-owned assets under state management in the more than three years that Russia has been fighting in Ukraine and prosecutors have stepped up the seizure of domestic assets through the courts this year.



Now, as the economy begins to slow after two years of growth fuelled by high military spending, Russian officials are trying to find the balance between insulating the economy from exposure to Western nations it considers unfriendly and the need for growth to keep funding the conflict in Ukraine.