Author: rosiemcneal83

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Russia can’t match a Western asset seizure, but it can inflict pain

West eyes hundreds of billions of dollars in Russian reserves*US, Europe want to use money, or interest on it, to fund Ukraine*Moscow says it can hurt Western financial interests in Russia*EU nervous over potential impact on euro if situation escalatesBy Alexander MarrowLONDON, May 2 (Reuters) - Russia's ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been eroded by dwindling foreign investment, but officials and economists say there are still ways it can strike back.The United States wants to seize immobilised Russian reserves - around $300 billion globally - and hand them to Ukraine, while…

by rosiemcneal83
June 28, 2024
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