Russia Warns Europe: If You Take Our Assets, We Have a Response That Will Hurt

Russia Warns Europe: If You Take Our Assets, We Have a Response That Will Hurt
Russian President Vladimir Putin meets with Russian Federation Council Speaker Valentina Matviyenko at the Kremlin in Moscow on Aug. 1, 2023. Alexander Kazakov/Sputnik/Kremlin via Reuters
Reuters
Updated:

MOSCOW—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.