Putin decree outlines Russian response to any US seizure of frozen assets Story by Reuters • 1h • 2 min read
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FILE PHOTO: Russian President Vladimir Putin attends a press conference in Harbin, China, May 17, 2024. Sputnik/Mikhail Metzel/Pool via REUTERS/File Photo© Thomson Reuters
MOSCOW (Reuters) -Russia will identify U.S. property, including securities, that could be used as compensation for losses sustained as a result of any seizure of frozen Russian assets in the United States, according to a decree signed by President Vladimir Putin on Thursday.
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G7 negotiators have been discussing for weeks how to best exploit some $300 billion worth of Russian financial assets, such as major currencies and government bonds, which were frozen shortly after Moscow invaded Ukraine in February 2022.
Russia's ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been eroded by dwindling foreign investment, but it may go after private investors' cash instead, officials and economists told Reuters this month.
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