Ukraine

Russia’s Finance Minister Anton Siluanov announced a “symmetrical” response to any actions by the US and its allies targeting Russia’s frozen assets abroad. This statement was made in the context of sweeping international sanctions imposed after Moscow invaded Ukraine in February 2022, which led to the freezing of approximately USD 300 bln owned by the Bank of Russia. The response could target Western assets in Russia, although specific assets were not detailed by Siluanov in his interview with RIA Novosti.