Experience of Nationalization and External Asset Management in the System of Measures to Ensure the Economic Security of the State

Abstract

The events in Ukraine have exacerbated Russia's relations with the collective West, the United States and Ukraine itself. An indicator of this aggravation is the development of economic sanctions as an instrument of political pressure directed not only against the state, but are also applied to individual state entities or even individuals. The difficulties of economic development of the Donetsk People's Republic, as a subject of the Russian Federation, are caused by both the special military operation and the negative impact of anti-Russian sanctions. One of the key issues in the development of the region's economy and ensuring its economic security is the issue of ownership. The blocking of Russian assets is considered as a set of procedures for the alienation of property, as a preliminary interim measure for a lawsuit on a claim for damages, and as a separate branch of the legislation of the Western Alliance. The practice of nationalization and management of foreign assets shows the need for its implementation on the scale of the state and newly adopted regions to ensure the stability of the economy. This confirms the experience of alienation of property carried out by individual states after the Second World War. Despite the historical experience and the sufficiency of legal norms to ensure the expropriation of property, this has not led to their widespread enforcement. The article shows the reasons that are key in the issue of untimely implementation of counter-sanctions and possible ways to optimize problems to increase the effectiveness of countering attempts to weaken the economic state of Russia by unfriendly states.