>Russia has become "totally unsafe" for foreign investors, the EU foreign service has warned in Europe's first reaction to the daylight robbery of Carlsberg and Danone

>The presidential decree [on the asset-seizures] is yet another proof of Russia's disregard for international law and rules, this time by once again targeting the economic interests of foreign companies legitimately operating in Russia

>With this Russia is not only looting in Ukraine, it is moving on to illegally depriving owners from the control over their assets on Russian territory

>The Russian presidential decree is also a very clear signal to any outside trade, business partners, or investors — if there are any left — about the state of the rule of law, economic and financial guarantees and safety of their assets in Russia, making it totally unsafe and unpredictable also in economic terms

>The EU spoke out after Russian president Vladimir Putin suddenly nationalised the multi-billion euro assets of Danish brewer Carlsberg and French yoghurt-maker Danone last Sunday

>And with dozens of top EU companies still present in Russia despite the war, investors fear that Putin's redistribution of foreign treasure to his cronies is just beginning

>Nationalisations aside, Moscow has also raised anxiety about higher taxes for foreign firms in future. Most European firms have been paying next to no tax inside Russia on their profits there due to favourable double-taxation treaties

>But Russia's finance ministry, in March, proposed freezing such tax treaties with some 40 "unfriendly" countries that imposed sanctions on Russia, such as the 27 EU member states

Nooooooooo only the just west can seize foreign assets!