Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Russia has grounds to seize Western assets after US legislative move, top lawmaker says By: FOXNews.com April 22, 2024 at 09:33 AM EDT Top Russian lawmaker Vyacheslav Volodin on Monday warned of potential consequences of the passing of the "REPO Act" by the U.S. House of Representatives. Russia now has grounds to confiscate Western assets after the U.S. House of Representatives passed legislation that would allow the potential transfer of seized Russian assets to Ukraine, a top Russian lawmaker said on Monday."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.BLINKEN RETURNS TO CHINA WITH WARNING OVER RUSSIAN MILITARY AIDVolodin said that of the $280 billion of Russian assets 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 of U.S. President Joe Biden to confiscate billions of dollars’ worth of Russian assets sitting in U.S. banks and transfer them to Ukraine for reconstruction. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Russia has grounds to seize Western assets after US legislative move, top lawmaker says By: FOXNews.com April 22, 2024 at 09:33 AM EDT Top Russian lawmaker Vyacheslav Volodin on Monday warned of potential consequences of the passing of the "REPO Act" by the U.S. House of Representatives. Russia now has grounds to confiscate Western assets after the U.S. House of Representatives passed legislation that would allow the potential transfer of seized Russian assets to Ukraine, a top Russian lawmaker said on Monday."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.BLINKEN RETURNS TO CHINA WITH WARNING OVER RUSSIAN MILITARY AIDVolodin said that of the $280 billion of Russian assets 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 of U.S. President Joe Biden to confiscate billions of dollars’ worth of Russian assets sitting in U.S. banks and transfer them to Ukraine for reconstruction. Related Stocks: Fancamp Exploration Ltd