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Russia Warns of Retaliation Over Seized Income from Assets, Says Zakharova

Jun 19, 2024, 11:32 AM

The Russian Foreign Ministry has issued a warning in response to the West's plan to use income from frozen Russian assets. According to Foreign Ministry spokeswoman Maria Zakharova, Russia possesses significant amounts of Western funds and property within its jurisdiction. These assets could potentially be targeted for retaliation if the West proceeds with seizing income from Russian assets. The situation arises from US government sanctions that have led to Russian assets being held in cash and generating income for institutions, which Russia claims it has a right to.