May 23

Putin lays groundwork for confiscation of US assets

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23 May, 2024 12:15

HomeRussia & FSU

A roadmap has been prepared in anticipation of possible misappropriation of Russian state funds by Washington

The property of US-linked entities will be held liable for 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.

DETAILS TO FOLLOW

 

The post Putin lays groundwork for confiscation of US assets appeared first on Energy News Beat.

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