Russian assets frozen in France

http://feeds.bignewsnetwork.com/?sid=318361

Some of the assets the Russian government owned in France have been frozen over a claim by the Swiss trading firm Noga, the Paris bailiff service has said.

Since 1993, the Swiss firm has repeatedly applied for the seizure of Russian property abroad, including Russia's central bank accounts in France and a sailing ship and warplanes brought into the country for shows, to secure the repayment of debts under barter oil deals struck with Russia's government in the early 1990s.

A document dated Jan 2 says that the seizure applies to assets including accounts of government-controlled news agency RIA Novosti. Under the document, the Swiss trading firm estimated the Russian government's debt to it at 49 million euros ($73 million).

Noga earlier claimed the Russian government owed an estimated 1.185 billion Swiss francs (about $950 million) under food-for-oil contracts it had unilaterally terminated shortly after signing these in 1991 and 1992. The contracts' total value was said to be $1.4 billion.
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Oh Russia is gonna be ticked

. . . but I doubt Putin gives a damn. If he's frustrated, he'll just find another journalist to have shot.

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