There are serious risks to possible US action to seize frozen Russian assets, the Kremlin said today, vowing to retaliate. The House of Representatives on Saturday passed a $95 billion package of legislation to provide security assistance to Ukraine, Israel and Taiwan, including a measure to potentially transfer seized Russian assets to Ukraine. In the meantime, the Group of Seven (G7) major powers, as reported by APE-MPE, is discussing the possibility of using some 300 billion Russian state assets, frozen in the West, to help finance support for Ukraine. “This is a collapse of all the foundations of the economic system,” Kremlin spokesman Dmitry Peskov told reporters. “This is an encroachment on both state farms and private property. These are illegal acts.” The Kremlin spokesman noted that there would be some kind of retaliation and legal action, without […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
