Top Russian lawmaker says country has grounds to seize Western assets after US legislative move

April 22, 2024 by No Comments

“Washington has passed a law on the confiscation of Russian assets in order to provoke the EU to take the same step, which will be devastating for the European economy,” Vyacheslav Volodin, the Duma speaker and close ally of President Vladimir Putin, said.”Our country now has every reason to make symmetrical decisions in relation to foreign assets,” said Volodin.Volodin said that of the $280 billion frozen abroad, only $5 to $6 billion was in the United States. About $224 billion was in the European Union.The House passed the “REPO Act” which would allow the administration to confiscate billions of dollars’ worth of Russian assets sitting in U.S. banks and transfer them to Ukraine for reconstruction.