Russia will fail to expropriate the property of Petro Poroshenko

“The adoption of the bill about jurisdictional immunity of foreign states and their property in Russia will not affect the property of Petro Poroshenko, the President of Ukraine, since his property has little to do with the State of Ukraine”, – said Dmitry Aristov, Deputy Minister of Justice of the Russian Federation.

Previously, the Government Commission on legislative activities adopted a bill setting limits on jurisdictional immunity of foreign states and their property in Russia (the bill itself was drafted by the Ministry of Justice of the RF). The bill designed to govern the jurisdictional immunity of foreign states in the Russian Federation.

With due regard for international law, legislation, and common law systems of foreign states the bill sets limits on jurisdictional immunity of foreign states and their property.

“The bill will help decide legal disputes regarding a foreign state and its property. The citizen of Ukraine in question is represents a business entity. Therefore, his property has nothing to do with Ukraine`s state-owned property”, – noted Aristov.

The article refers to Lipetsk confectionery factory and Sevastopol Marine Plant which is said to belong to President Poroshenko.

Jurisdictional immunity – the protection that a state is given from being sued in the courts of other states.

Source: finance.obozrevatel.com