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West stands to lose at least $288 bln in assets if Russian assets seized -RIA

Summary by Ground News
Russia's state RIA news agency said on Sunday it had calculated that the West stood to lose assets and investments worth at least $288 billion. After President Vladimir Putin sent forces into Ukraine in February 2022, the U.S. and its allies prohibited transactions with Russia's central bank and finance ministry.

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Western countries will lose at least $288 billion if they confiscate Russian assets, given Moscow's warning that it will respond with the same measures, RIA Novosti agency calculated based on national statistics from Western countries.

·Belgrade, Serbia
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Russia's RIA Novosti news agency warned on Jan. 21 that the West could lose assets and investments worth at least $288 billion if it seizes Russian assets to help Ukraine rebuild.

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Devdiscourse broke the news in India on Sunday, January 21, 2024.
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