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Russia Moves to Seize Western Assets in Retaliation for Frozen Funds

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The article from MSN discusses Russia's response to Western sanctions by moving to seize assets from Western companies and individuals within its borders. This retaliatory measure comes after the West froze approximately $300 billion of Russian central bank assets following Russia's invasion of Ukraine. The Russian government has introduced a decree allowing the temporary management of these assets, which includes shares in companies, real estate, and other properties. This action targets assets from countries that Russia deems "unfriendly," primarily those that have imposed sanctions on Russia. The move is seen as an attempt to pressure these nations into reconsidering their stance on sanctions, although it might also lead to further economic isolation and legal challenges. The decree aims to use these assets to compensate for losses incurred due to the Western sanctions, potentially affecting numerous foreign businesses operating in Russia.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/russia-moves-to-seize-western-assets-in-retaliation-for-frozen-funds/ar-AA1xZ6mw ]