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Russia warns it’s ready to retaliate if the West seizes frozen assets, says Europe will be hurt most

A close ally of Russian President Vladimir Putin warned Tuesday that Russia is ready to retaliate if almost $300 billion of frozen Russian assets are seized by the West and used to assist Ukraine.
“The Europeans know that there will be a very tough response on our part, and an adequate response,” Valentina Matviyenko, the speaker of the Russian upper house of parliament, told state news agency RIA Novosti.
Matviyenko, a member of Russia’s Security Council, said in an interview that a draft law on response measures had already been prepared. She did not specify what the retaliatory measures would be but said Europe “will lose more than we do.”
Western officials are not fully decided on the controversial proposal to seize frozen Russian assets abroad, the majority of which — around $224 billion — are in the European Union, a Russian lawmaker said Monday, noting that only $5 to $6 billion worth of assets were in the U.S.


Apr 24, 2024 13:47
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