"Potential Seizure of Russian Assets Could Shift $300 Billion to Aid Ukraine"

Russia's RIA news agency reported that the West could lose at least $288 billion in assets and investments if it seized frozen Russian assets to aid in Ukraine's reconstruction, following the blocking of around $300 billion of sovereign Russian assets in the West. Efforts to confiscate Russian assets immobilized in Europe are being pursued, with the U.S. and British officials aiming to garner support from G7 leaders. The data cited by RIA showed that the EU, G7 nations, Australia, and Switzerland had a total of $288 billion in direct investments in the Russian economy, with EU nations holding the majority of these assets.