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

submitted 2024-04-28T13:49:50Z by MicroWave

www.reuters.com/world/europe/moscow-may-seize-p…

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 U.S. House of Representatives has passed a bill allowing the Biden administration to confiscate Russian assets held in American banks and transfer them to Ukraine, something the Kremlin has said would be illegal and trigger retaliation.

In response to Russia's war in Ukraine, the United States and its allies prohibited transactions with Russia's central bank and finance ministry and blocked about $300 billion of sovereign Russian assets in the West, most of which are in European not American financial institutions.

The Group of Seven (G7) major democracies is also looking at what it may be able to do around the frozen Russian assets.

Hot Top New

TransplantedSconie

Sucks to be them. If at this point you still do business in that shithole, you deserve to lose your ass.

148

owenfromcanada

Yeah, this really seems like a win-win (assuming any reasonable Americans have had plenty of time to get themselves and their shit out of Russia).

voracitude , edited

At this point in history, any American businesses with assets left in Russia have forfeited my sympathy for whatever happens to those assets. And my sympathy for "entities with enough money to have assets in foreign countries" is scant to begin with.

Goku , edited

Same... Sorry not sorry for your loss.

Coca cola

thisbenzingring

It's actually Pepsi that is going to lose the most

ghostdoggtv

I'm well beyond forfeited sympathy, I celebrate their impending loss.

katy ✨

"i'm in danger" - jill stein

Flying Squid , edited

Sorry, Steven Seagal.

nxdefiant

The beard dye and tactical office chair market will never recover.

Passerby6497

Do it. It will still hurt Russia much more than it will hurt American businesses who are dumb enough to still be in Russia.

afraid_of_zombies

Thoughts and prayers

bradorsomething

I would also like to offer my thinks and god thinks.

Alexstarfire

I'm fine with this. Those idiots deserve to lose their assets at this point.

Zehzin

Oh no, not the rich fucks's money!

MehBlah

Anyone from the US stupid enough to have assets in russia deserves to lose them. Its doubtful I would approve of what any of them are doing and this seems like a win win for the decency.

karashta

Look at the zero fucks I give about whatever "private assets" will be stolen by Russia.

Maybe don't sink your money into that place when they're clearly our rival and enemy.

Dkarma

So McDonald and subway? Lol

whereisk , edited

They already seized those when the companies pulled out after Ukraine

katy ✨

mcdonalds already sold in 2022

gregorum

Go on then

Coreidan

LOLLLL

jkrtn

I mean, this is a win-win. Unfortunately the people who have purchased our politicians probably won't see it that way.

WindyRebel

Go for it. These companies will just raise prices to combat losses. They do that anyway as well, so nothing changes.

FartsWithAnAccent

NoIWontPickAName

I’m sorry I can’t understand your accent

FartsWithAnAccent , edited

Understandable, I've had a mix of Mexican and Chinese foods today.

katy ✨

i'm down for anything that hurts republicans; seems like win win to me.

Create post

Join

About community

A community for discussing events around the World

Rules:

Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect!
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.