Putin lays groundwork for confiscation of US assets

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JohnUbele
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Putin lays groundwork for confiscation of US assets

Post by JohnUbele » Thu May 23, 2024 9:51 am

"...The property of US-linked entities in Russia could face seizure in response to any confiscation of Russian assets by the US government, according to a decree signed by Russian President Vladimir Putin on Thursday.

The US and its allies have frozen some $300 billion in Russian sovereign assets due to the Ukraine conflict. Western nations are devising ways to use the funds to help Kiev’s war effort against Moscow.

The document released by the Kremlin outlines a future mechanism that would allow any damages caused by the US to be offset by property owned by the US itself or associated entities..."

Source:
https://www.rt.com/russia/598115-russia ... fiscation/

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