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News World Russian senators call for retaliatory law in case West moves on Russian assets

Russian senators call for retaliatory law in case West moves on Russian assets

The TASS state news agency reported that the Russian upper house of parliament has requested the Finance Ministry to create legislation that would enforce countermeasures on Western countries in response to any action taken against Russia's frozen assets.

Reuters WORLD
Published February 07,2024
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RUSSIAN SENATORS CALL FOR RETALIATORY LAW IN CASE WEST MOVES ON RUSSIAN ASSETS

Russia's upper house of parliament has asked the Finance Ministry to draw up a law that would impose retaliatory measures on the West if it moves against frozen Russian assets, the TASS sttae news agency reported on Wednesday.

The Financial Times reported on Feb. 3 that the G7 had drawn up plans to use frozen Russian assets as collateral to raise money to help Ukraine.

The Kremlin on Monday warned the West that any attempt to use frozen Russian assets in such a way would be illegal and undermine the global financial system.