However, it remains very complex how this would be achieved, as it would set a debatable precedent.
Russia Has Grounds to Seize Western Assets Following U. S. Bill, Senior Lawmaker Says
Ryabkov said Moscow would retaliate economically and politically if the assets were confiscated.
Russian President Vladimir Putin speaks at the congress of the Russian Union of Industrialists and Entrepreneurs in Moscow, Russia, April 25, 2024. (Reuters/Evgenia Novozhenina)
“Lowering the level of diplomatic relations is, of course, one of the options. Many high-ranking representatives of our government have already raised the financial, economic and reaction issues to this measure (confiscation), of which we warn our “opponents, as before, don’t take it,” he said, quoted by RIA.
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“Lately we are reading the optimal form of reaction, where countermeasures would come with moves opposed to the assets of our Western adversaries, as well as diplomatic reaction measures. “
He did not elaborate on what a deterioration in diplomatic relations might entail. The Kremlin has described the current state of relations with the United States as “below zero,” although there has been no formal deterioration in relations since the beginning. Start of the war in Ukraine.