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  • Reuters

    Putin decree outlines Russian response to any US seizure of frozen assets

    Russia will identify U.S. property, including securities, that could be used as compensation for losses sustained as a result of any seizure of frozen Russian assets in the United States, according to a decree signed by President Vladimir Putin on Thursday. The decree authorises Russia's government commission on foreign asset sales to identify the relevant property and states that decisions on compensation would be made in court. G7 negotiators have been discussing for weeks how to best exploit some $300 billion worth of Russian financial assets, such as major currencies and government bonds, which were frozen shortly after Moscow invaded Ukraine in February 2022.

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