Russia Drafts Plan to Seize Assets If EU Acts on Funds
Russia is reportedly drafting a plan to seize and rapidly sell off foreign-owned assets within the country if the European Union takes action to confiscate Russian holdings abroad. The plan, which is being developed by the government, is seen as a retaliatory measure against any potential EU moves to seize Russian assets. The details of the proposed privatization mechanism are still being worked out, but the goal is to quickly liquidate foreign-owned properties and businesses in Russia in response to any EU asset seizures. This move by Russia is likely a response to the ongoing tensions between the country and the EU over the Ukraine conflict, as well as the sanctions and economic pressure being applied by the West against Russia.
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