"Global Powers Navigate Use of Frozen Russian Assets for Ukraine Reconstruction"

Russia has warned the United States and European Union that it will respond "extremely tough" if they seize around $300 billion worth of Russian assets in the West, following the prohibition of transactions with Russia's central bank and finance ministry. The EU has adopted a law to set aside windfall profits made on frozen Russian central bank assets to finance the reconstruction of Ukraine, prompting Russia to label it as theft and vow a strong response, including potential seizure of U.S., European, and other assets in retaliation.