this post was submitted on 28 Apr 2024
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Russia may respond to any U.S. confiscation of its currency reserves frozen in the West by seizing the assets, including property and cash, of U.S. citizens and investors in Russia, Dmitry Medvedev, a senior security official, said on Saturday.

The U.S. House of Representatives has passed a bill allowing the Biden administration to confiscate Russian assets held in American banks and transfer them to Ukraine, something the Kremlin has said would be illegal and trigger retaliation.

In response to Russia's war in Ukraine, the United States and its allies prohibited transactions with Russia's central bank and finance ministry and blocked about $300 billion of sovereign Russian assets in the West, most of which are in European not American financial institutions.

The Group of Seven (G7) major democracies is also looking at what it may be able to do around the frozen Russian assets.

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[–] Passerby6497@lemmy.world 45 points 1 year ago

Do it. It will still hurt Russia much more than it will hurt American businesses who are dumb enough to still be in Russia.

[–] FlyingSquid@lemmy.world 38 points 1 year ago* (last edited 1 year ago) (1 children)
[–] nxdefiant@startrek.website 4 points 1 year ago

The beard dye and tactical office chair market will never recover.

[–] Zehzin@lemmy.world 37 points 1 year ago

Oh no, not the rich fucks's money!

[–] karashta@lemm.ee 30 points 1 year ago

Look at the zero fucks I give about whatever "private assets" will be stolen by Russia.

Maybe don't sink your money into that place when they're clearly our rival and enemy.

[–] afraid_of_zombies@lemmy.world 29 points 1 year ago (1 children)
[–] bradorsomething@ttrpg.network 6 points 1 year ago

I would also like to offer my thinks and god thinks.

[–] Alexstarfire@lemmy.world 27 points 1 year ago

I'm fine with this. Those idiots deserve to lose their assets at this point.

[–] MehBlah@lemmy.world 23 points 1 year ago

Anyone from the US stupid enough to have assets in russia deserves to lose them. Its doubtful I would approve of what any of them are doing and this seems like a win win for the decency.

[–] Dkarma@lemmy.world 14 points 1 year ago (2 children)

So McDonald and subway? Lol

[–] whereisk@lemmy.world 5 points 1 year ago* (last edited 1 year ago)

They already seized those when the companies pulled out after Ukraine

mcdonalds already sold in 2022

[–] gregorum@lemm.ee 12 points 1 year ago
[–] Coreidan@lemmy.world 7 points 1 year ago
[–] WindyRebel@lemmy.world 6 points 1 year ago

Go for it. These companies will just raise prices to combat losses. They do that anyway as well, so nothing changes.

[–] FartsWithAnAccent@fedia.io 6 points 1 year ago (1 children)
[–] NoIWontPickAName@kbin.earth 2 points 1 year ago (1 children)

I’m sorry I can’t understand your accent

[–] FartsWithAnAccent@fedia.io 4 points 1 year ago* (last edited 1 year ago)

Understandable, I've had a mix of Mexican and Chinese foods today.

[–] jkrtn@lemmy.ml 5 points 1 year ago

I mean, this is a win-win. Unfortunately the people who have purchased our politicians probably won't see it that way.

i'm down for anything that hurts republicans; seems like win win to me.