The Russian property and assets of entities from those nations will be placed under temporary administrative receivership In case of such unfriendly moves or if there is a "threat to national, economic, energy and other types of security" and defense capabilities

MOSCOW- Russian President Vladimir Putin has signed a decree to place assets from unfriendly countries under administrative receivership in response to seizure of Russian property abroad, reports TASS. 

The Russian property and assets (securities and stakes in charter capitals of Russian companies) of entities from those nations will be placed under temporary administrative receivership In case of such unfriendly moves or if there is a "threat to national, economic, energy and other types of security" and defense capabilities.

The Russian Federal Agency for State Property Management (Rosimushchestvo) will be the administrative receiver by default.

The administrative receiver will perform the duties of an owner "except for the powers to dispose of assets." It will also take inventory of the property which is under external management and safeguard it.

"Expenditures, related to administrative receivership of property, will be covered by incomes from its use. Administrative receivership can be terminated by the Russian president’s decision," the document says.

The decree came into force on Tuesday.

Rosimushchestvo was granted temporary management of the 83.73% stake in Unipro (owned by German-based Uniper SE) , 69,8807%-stake in Fortum (owned by Fortum Russia B. V.) and 28.3488%-stake in Fortum belonging to Fortum Holding B. V.