3 weeks ago
- A elder information charismatic has warned that Russia whitethorn retaliate to immoderate U.S. confiscation of its stiff rate reserves.
- The U.S. House of Representatives passed a measure allowing nan Biden management to confiscate Russian assets held successful American banks and transportation them to Ukraine.
- In consequence to Russia's actions successful Ukraine, nan U.S. and friends person imposed sanctions, freezing astir $300 cardinal of Russian assets.
Russia may respond to immoderate U.S. confiscation of its rate reserves stiff successful nan West by seizing nan assets, including spot and cash, of U.S. citizens and investors successful Russia, Dmitry Medvedev, a elder information official, said connected Saturday.
The U.S. House of Representatives has passed a measure allowing nan Biden management to confiscate Russian assets held successful American banks and transportation them to Ukraine, thing nan Kremlin has said would beryllium forbidden and trigger retaliation.
In consequence to Russia's warfare successful Ukraine, nan United States and its friends prohibited transactions pinch Russia's cardinal slope and finance ministry and blocked astir $300 cardinal of sovereign Russian assets successful nan West, astir of which are successful European not American financial institutions.
RUSSIA HAS GROUNDS TO SEIZE WESTERN ASSETS AFTER US LEGISLATIVE MOVE, TOP LAWMAKER SAYS
The Group of Seven (G7) awesome democracies is besides looking astatine what it whitethorn beryllium capable to do astir nan stiff Russian assets.
Deputy caput of Russia's Security Council Dmitry Medvedev speaks during an question and reply pinch Russian media astatine a residence extracurricular Moscow, Russia, connected March 23, 2023. Russia whitethorn respond to immoderate U.S. confiscation of its rate reserves stiff successful nan West by seizing nan assets, including spot and cash, of U.S. citizens and investors successful Russia, Medvedev said connected Saturday. (Sputnik/Yekaterina Shtukina/Pool via REUTERS/File Photo)
Medvedev, a adjacent state of President Vladimir Putin and nan lawman president of Russia's Security Council, said connected Saturday that Russia would not beryllium capable to retaliate successful benignant against immoderate U.S. seizure of its reserves.
"The logic is clear - we do not person a important magnitude of American authorities property, including money, authorities and different US assets. Therefore, nan reply tin only beryllium asymmetrical. It is not a truth that it will beryllium immoderate little painful," Medvedev wrote connected his charismatic Telegram channel.
"We are talking astir nan foreclosure, for illustration by a tribunal decision, connected nan spot of backstage individuals located successful nan jurisdiction of Russia (money, existent property and movable spot successful kind, spot rights)."
"Yes, this is simply a analyzable story, since these individuals usually acted arsenic investors successful nan Russian economy," Medvedev said. "And we guaranteed them nan inviolability of their backstage spot rights. But nan unexpected happened - their authorities declared a hybrid warfare connected us. This must beryllium answered."
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He said the law successful Russia would request to beryllium changed to let specified plus seizures successful favour of nan Russian state.
Russian Central Bank politician Elvira Nabiullina said connected Friday Moscow would take sides its morganatic interests successful nan arena that its assets were confiscated, but did not disclose nan strategy and tactics.
