Putin Authorizes Seizure of US Assets in Retaliatory Move
New decree allows Russia to confiscate American property if US seizes Russian assets, escalating financial tensions
- Russian courts can now declare US asset seizures unjustified and order compensation.
- Assets targeted include US-owned securities, real estate, and stakes in Russian companies.
- G7 nations are debating the use of $300 billion in frozen Russian assets.
- US legislation permits the transfer of seized Russian assets to Ukraine.
- Russia's response focuses on private investors due to limited American state property holdings.