Russia’s lower house proposes a tit-for-tat response to asset confiscation

Speaker of the House of Representatives – Russian State Duma – Mr. Vyacheslav Volodin – Photo: State Duma of Russia

“Where there’s work property confiscation (of Russian businesses), it is right to take a commensurate response to businesses whose owners are from unfriendly countries in Russia,” Volodin wrote, quoted by Reuters news agency.

Earlier, on April 28, the White House proposed using the assets of Russian oligarchs, currently frozen and frozen by the West, to compensate for Ukraine’s material damage caused by Russia’s military campaign. caused, according to AFP news agency.

The idea of ​​using the assets of the sanctions-listed Russian oligarchs to compensate Ukraine is part of a package of economic sanctions pushed by the US to force Russia to pay for the military campaign. mine.

Up to now, the US has sanctioned as well as frozen many assets worth more than 1 billion USD including planes, yachts … of Russian tycoons and officials. In addition, hundreds of millions of dollars of Russian oligarchs in US bank accounts have also been frozen.

A yacht of a Russian billionaire is detained in Europe – Photo: REUTERS

The White House said European countries have now frozen more than $ 30 billion in assets of Russian oligarchs. Among these are many real estate, yachts, planes, helicopters, works of art … worth nearly 7 billion USD.

Earlier, on April 24, when appearing on a CBS television program, Ukraine’s Prime Minister Denis Shmygal announced that he was discussing with the US about using frozen Russian assets to financially support the country. Kiev because Ukraine’s economy suffered heavy losses due to the war.

Mr. Shmygal confirmed that Ukraine needs up to 5 billion USD per month and said that the International Monetary Fund (IMF) and the World Bank (WB) have agreed on this number.