Russia to seize income from frozen Western assets – finance minister

Government

The move will be a mirror response to the actions by the US and its allies, according to Anton Siluanov Russia will respond in kind to the West’s use of the income generated by its frozen central-bank reserves, Finance Minister Anton Siluanov has said. The US and its allies have blocked an estimated $300 billion in assets belonging to the Russian central bank since the escalation of the Ukraine conflict in February 2022. The bulk of the funds, around €197 billion ($213 billion), are being held

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