September 26, 2014 By Citizen M

RA’s Daily Russia News Blast – Sept 26, 2014

Woman passes by the headquarters of Sistema JSFC in MoscowTODAY: Vladimir Yevtushenkov will stay under house arrest; state seeking to reclaim Sistema’s Bashneft shares; duma mulling bill allowing foreign asset seizure. Potanin fears Russian isolation; recent elections failed to be competitive, analysis shows; Norwegian Rights Group celebrates Agora lawyer; Lithuania’s President compares Russia to ISIS.

A Moscow court has ruled that Sistema tycoon Vladimir Yevtushenkov must remain under house arrest until at least November 16 in a money laundering case that has been dubbed ‘Yukos 2.0’.  Following the announcement, shares in Sistema fell by 8.8% on the Moscow stock exchange.  The news quashed hopes that he had been released, after reports last week that he had been contacted by telephone.  The Russian General Prosecutor’s office has announced it has filed suit to repatriate Sistema’s shares in oil company Bashneft to the state.  In response to sanctions, a draft law has been submitted to the state duma which would allow courts to seize foreign assets on Russian territory and would permit state compensation for an individual whose property is seized in foreign jurisdictions. ‘History has shown that the Russian government is not shy about seizing energy assets owned by companies deemed to be enemies of the state’.  Metals tycoon Vladimir Potanin explains to Reuters his concerns about the direction Russia is taking.  Read about a group of pro-Kremlin activists in Moscow defying sanctions through fashion here.