moscow-threatens-to-downgrade-diplomatic-relations-with-the-us-in-case-of-confiscation-of-russias-assets

moscow threatens to downgrade diplomatic relations with the us in case of confiscation of russia's assets

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russia is ready to downgrade  diplomatic relations with the United States in case of confiscation of its frozen assets. This was stated by Deputy Foreign Minister Sergei Ryabkov in a commentary to the russian media, UNN reports.

Details

russia is considering the option of downgrading its dividend status with the United States in case of practical measures to confiscate its assets

- quotes Ryabkov as saying.

According to him, russia is considering various options for retaliation. However, the diplomat emphasized that, first of all, Russia's actions will be determined by how other "adversary" countries act.

There can be no doubt that we are very consistent in this matter. But depending on how the discussion among our adversaries goes, the nature of our response will be determined by

- said the Deputy Minister of Foreign Affairs of the Russian Federation.

Context

The United States has frozen approximately $5 billion of the Russian central bank's assets that could be confiscated under the law on a large US aid package for Ukraine and other allies signed by President Joe Biden.

Глава Мінфіну США закликала знайти спосіб передати Україні російські заморожені активи27.02.24, 15:48

The document requires the US President and the Treasury Department to launch a search for Russian assets in the US within the next 90 days and report to Congress within 180 days on the results of the search.

Recall

The US calls on the EU to reduce taxes on income from frozen Russian assetsto maximize funds that can be loaned to Ukraine.

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