The Belarusian authorities will confiscate foreign property in response to "unfriendly actions." Country's President Alexander Lukashenko signed the law "On the confiscation of property," which was published on January 6, Report informs via BelTA.
"The basis for the seizure of property rights is the commission of unfriendly actions against the Republic of Belarus, its legal entities and (or) individuals. The decision on the need to respond by seizing property rights is made by the Council of Ministers of the Republic of Belarus," the document says.
The law states that property will be confiscated on the basis of the principle of proportionality and will be commensurate with the "consequences of hostile actions."
Any property, possessions, money and securities, including property rights located on the territory of Belarus, can be taken away.
The property will be transferred to the ownership of the state. The withdrawn money will be transferred to the state budget.
After the right of private property, inheritance, use of these possessions will be withdrawn, transactions with such properties will be terminated.
The law emphasizes that if at this time, no international court or a court of a state committing unfriendly acts cannot in any way stop the seizure in Belarus.