RUSSIA: GOVERNMENT ADOPTS BILL ON NATIONALIZATION.(Brief Article)

From: IPR Strategic Business Information Database | Date: February 24, 2003 | Copyright information

The cabinet on 20 February adopted a bill on the nationalization of private property that it plans to submit to the Duma in the next two to three weeks, globalrus.ru reported. Under the bill, the state would be authorized to seize private property only for reasons of national defense or state security. Even in those cases, seizures would only be allowed if the state is unable to meet its needs on the open market. The bill calls for an independent assessor to determine the value of a...

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