Russia faces asset seizure from the West, won’t stop retaliation

Russia faces asset seizure from the West, won’t stop retaliation

Western leaders contemplate seizing Russia's frozen assets.
Published on: 

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.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

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.

___STEADY_PAYWALL___

Loading content, please wait...

Related Stories

No stories found.
BizNews
www.biznews.com