Russia says it has many ways to respond if its assets are confiscated by the West

Russian Foreign Ministry spokeswoman Maria Zakharova (Photo: TASS).

Russian Foreign Ministry spokeswoman Maria Zakharova said on June 20 that Russia currently holds a large amount of Western assets.

"Everyone is subject to Russian retaliation. Russia's arsenal of economic and political responses remains very rich," Zakharova said, but stressed that Moscow would not reveal the nature of its retaliatory actions.

At last week’s summit, the G7 countries agreed to use the profits from frozen Russian assets to lend Ukraine $50 billion. The money could help Ukraine rebuild the country or buy weapons.

The US and its allies have frozen about $300 billion in Russian central bank assets as part of sanctions imposed over Moscow’s military campaign in Ukraine. Most of those assets are held in the EU.

The decision to use profits from frozen Russian assets to aid Ukraine was made by Europe after some EU members opposed the idea of the US and UK to seize Russian assets to support Kiev.

Russia has repeatedly warned the West of serious consequences if these countries use Moscow's assets.

Source: https://dantri.com.vn/the-gioi/nga-tuyen-bo-co-nhieu-cach-dap-tra-neu-bi-phuong-tay-tich-thu-tai-san-20240620182730765.htm