Putin Orders Hunt For Assets Of Former Soviet Union

Bloomberg News reports:

Vladimir Putin is going on a property hunt, ordering officials to find Russian assets that once belonged to its former empire or were owned by the Soviet Union.

An order from the Russian president published late Thursday allocated funding for a state unit to conduct searches for property abroad and ensure Russia’s ownership rights are registered. The document didn’t indicate the size of the budget for the operation or what kinds of property are being sought.

While it’s unclear what prompted the order, Putin’s interest in former imperial possessions is unlikely to ease concerns about his ambitions among neighboring states after Russia’s invasion of Ukraine upended European security.

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