Russia will identify US assets, including securities, that could be used as compensation for any losses it would suffer as a result of any seizure of Russian assets in the United States, according to a decree signed by President Vladimir Putin today . The decree authorizes Russia's competent government commission for the sale of foreign assets to locate the relevant assets and states that decisions on compensation will be made in the courts. G7 negotiators have been debating for weeks how best to tap about $300 billion worth of Russian financial assets, such as major currencies and government bonds, that were frozen shortly after Moscow invaded Ukraine in February 2022 .Russia's ability to retaliate similarly if Western leaders seize its frozen assets has been undermined by shrinking foreign investment, but it can leverage […]
Source: News Beast
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