Russia faces asset seizure from the West, won’t stop retaliation
As Western leaders contemplate seizing Russia's frozen assets, experts warn of diminishing retaliation options due to declining foreign investment. Despite this, Russia could still strike back, potentially targeting foreign investors' assets and considering legal challenges. Former President Dmitry Medvedev suggests seizing private individuals' Russian assets in response. However, with foreign holdings in Russia dropping by 40%, the efficacy of such measures is questioned. Russia's financial manoeuvres and leveraging of Euroclear assets add complexity to the situation, while its reduced integration into Western financial systems limits retaliatory options.
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SOURCE: REUTERS
By Alexander Marrow
LONDON, May 2 (Reuters) – Russia's ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been eroded by dwindling foreign investment, but officials and economists say there are still ways it can strike back.
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