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Russia Warns Against Seizing Frozen Assets, Calls It a Dangerous Precedent /
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2024-04-23 07:27:14

Russia Warns Against Seizing Frozen Assets, Calls It a Dangerous Precedent on Nostr: Russia Warns of Retaliation if US and Europe Seize Frozen Assets to Fund Ukraine ...

Russia Warns of Retaliation if US and Europe Seize Frozen Assets to Fund Ukraine
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#42d3e094 ver:0.2

In the latest development, Russia has vowed retaliation if its frozen assets are confiscated by the US House of Representatives and Europe to fund Ukraine. After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West .

Top officials in the United States want to seize the assets to help support Ukraine, though some bankers and European officials are worried that simply taking the assets would create a dangerous precedent. The US House of Representatives passed legislation including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Eu...

#newstr #Russia #Europe #AssetSeizure #Ukraine #Sanctions

https://here.news/story/42d3e094?ver=0.2
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