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Russia Hints at Seizing Western-Owned Assets

Russia hinted on Wednesday that it had not dropped the idea of seizing Western-owned assets and businesses in the country, as a top official sharply criticized governments that have hit Moscow with sanctions. In a combative media briefing, Foreign Ministry spokesperson Maria Zakharova warned that Russia was prepared to “act accordingly” if the West decided to use Russia’s frozen state assets – chief among them being around $300 billion of central bank foreign currency reserves.

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