Russia Faces Global Backlash for Asset Confiscation and Pressure Tactics

As Moscow threatens to seize Western assets in retaliation for potential sanctions, international calls for Russia to compensate Ukraine for war damages intensify.

• The Kremlin threatens to confiscate Western assets in Russia in response to potential sanctions, while pressuring its citizens through asset appropriation.
• The U.S. Senate Committee on Foreign Relations approves the REPO act, allowing frozen Russian assets to be allocated to Ukraine, prompting a tit-for-tat response from Moscow.
• Russia's Central Bank introduces measures to prevent fund withdrawals, as Western assets valued at about $288 billion remain trapped in Russian accounts.
• Ukraine's Foreign Minister insists on confiscating Russian assets to aid Ukraine's recovery, amid Western concerns over legal and financial system implications.
• The EU and Canada take steps towards using Russian assets to finance Ukraine's reconstruction, as the overall recovery cost reaches $486 billion.

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