Russian lawmakers are ready to introduce a bill on retaliatory measures, the country’s top senator says

Moscow has drafted a package of retaliatory measures in the event that Western countries seize Russian sovereign assets that have been frozen over the Ukraine conflict, senior senator Valentina Matvienko warned on Tuesday.

In an interview with Russian journalist Dmitry Kiselyov, the chairwoman of the Federation Council said that the EU’s potential move to confiscate Russian assets would be “unprecedented,” adding that it “would destroy the global economy.”

“Of course, it would be absolutely illegal, and everyone in Europe understands that they can’t do that,” the official stated.

Since the start of the Ukraine conflict in February 2022, the West has frozen around $300 billion in Russian central bank assets, most of which are being held in the EU. Moscow has repeatedly denounced the seizure as “theft.”

Officials in several Western nations, notably the US and the UK, have insisted on the outright confiscation of Russian assets despite widespread concerns that this would have no legal basis. In contrast, the EU has been reluctant to do so, reportedly fearing Russian retaliation.....more

https://www.rt.com/russia/596465-eu-lose-more-russia-seize-assets/