"Western Plan to Rebuild Ukraine Using Frozen Russian Assets Draws Kremlin Warning"

The Kremlin has warned the West against using frozen Russian assets as collateral for raising funds for Ukraine, stating that such actions would be illegal and lead to years of litigation. This comes after reports that the G7 had drawn up plans to use frozen Russian assets as collateral for debt sold to help Ukraine. Russia has around $300 billion of sovereign assets frozen in the West, and has threatened to seize U.S., European, and other assets in response if its property is seized. The Kremlin spokesperson emphasized that any attempt to take Russian assets would lead to legal challenges and undermine the economic system.