Kremlin says it has a list of Western

Kremlin says it has a list of Western assets to be taken if Russian assets are confiscated

MOSCOW, Dec 29 (Reuters) – Russia has a list of Western assets that would be taken if G7 leaders decide to confiscate $300 billion in frozen Russian central bank assets, the Kremlin said on Friday.

G7 leaders will discuss a new legal theory that would allow the seizure of the frozen Russian assets when they meet in February, two sources familiar with the plans and a British official said on Thursday.

Kremlin spokesman Dmitry Peskov said that any such move by the West would violate international law, and would undermine both the global banking system and the world economy.

Peskov told reporters that Russia had analysed possible retaliatory steps.

When asked if there was a list of assets that Russia could take, Peskov said: “There is”.

He refused to detail what assets were on the list.

Around $300 billion of Russian central bank assets are currently frozen in the West. Though the central bank has not outlined exactly which assets have been frozen, most of the bonds and deposits are denominated in euros as well as some in U.S. dollars and British pounds.

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