Moscow may seize private US assets in Russia if US seizes frozen reserves, says Putin ally

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Moscow may seize private US assets in Russia if US seizes frozen reserves, says Putin ally
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Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsMOSCOW - Russia may respond to any U.S. confiscation of its currency reserves frozen in the West by seizing the assets, including property and cash, of U.S. citizens and investors in Russia, Dmitry Medvedev, a senior security official, said on Saturday.

The Group of Seven major democracies is also looking at what it may be able to do around the frozen Russian assets. "The reason is clear - we do not have a significant amount of American state property, including money, rights and other US assets. Therefore, the answer can only be asymmetrical. It is not a fact that it will be any less painful," Medvedev wrote on his official Telegram channel.

"Yes, this is a complex story, since these individuals usually acted as investors in the Russian economy," Medvedev said."And we guaranteed them the inviolability of their private property rights. But the unexpected happened - their state declared a hybrid war on us. This must be answered."

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