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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRussia warns Europe: if you take our assets, we have a response that will hurt
https://www.reuters.com/world/europe/russia-warns-europe-if-you-take-our-assets-we-have-response-that-will-hurt-2024-04-23/Russia warns Europe: if you take our assets, we have a response that will hurt
By Reuters
April 23, 2024 2:15 AM EDT Updated 6 hours ago
MOSCOW, April 23 (Reuters) - An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine.
After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West.
Top officials in the United States want to seize the assets to help support Ukraine, though some bankers and European officials are worried that simply taking the assets would create a dangerous precedent.
The U.S. House of Representatives passed legislation on Saturday including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Europe.
[...]
By Reuters
April 23, 2024 2:15 AM EDT Updated 6 hours ago
MOSCOW, April 23 (Reuters) - An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine.
After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West.
Top officials in the United States want to seize the assets to help support Ukraine, though some bankers and European officials are worried that simply taking the assets would create a dangerous precedent.
The U.S. House of Representatives passed legislation on Saturday including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Europe.
[...]
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Russia warns Europe: if you take our assets, we have a response that will hurt (Original Post)
sl8
Apr 23
OP
The Russian economy 'grew' last year?? BULLSHIT. Obviously Phootie decides the number.
NoMoreRepugs
Apr 23
#4
Lovie777
(12,330 posts)1. Putin..............................
it's ok for Russia to murder, kill, maim, steal their citizens and destroy countries at will.
apnu
(8,759 posts)2. Putin blusters as he always does.
Early in the war, Europe was cautious about Russia due to oil dependence. Now that the war has dragged on for years, Europe is more loud about Russia now so I suspect European countries have found energy independence from Russia.
So besides starting a multi-front war or launching nukes, both of which will destroy Russia, what can Putin do? Russia has no other leverage besides rotting tanks and oil.
Takket
(21,634 posts)3. The only thing they have left are their nukes
Granted that is a pretty big thing.
NoMoreRepugs
(9,472 posts)4. The Russian economy 'grew' last year?? BULLSHIT. Obviously Phootie decides the number.
live love laugh
(13,141 posts)5. What's he gonna do withhold more wheat?