The Russian Federation, in response to the freezing of assets in the West in order to transfer them to Ukraine, may confiscate the assets of Western businesses.

This was announced by the speaker of the State Duma Vyacheslav Volodin in Telegram.

“This decision will not affect the economy of our country. The seized yachts, villas and other property of wealthy citizens did not work for its development anyway. Russian gold and foreign exchange reserves in the amount of about $300 billion have also been frozen,” he writes.

According to him, the Central Bank in response banned foreign investors from withdrawing funds from the Russian financial system. He says that we are talking about more than 500 billion dollars.

The speaker of the State Duma noted that Russian business today buys out foreign companies operating in Russia and acts in a “civilized” manner, unlike Poland, the United States and the Baltic countries.

“In this regard, it is right for a business located on the territory of the Russian Federation, whose owners are from unfriendly countries where such decisions are made, to respond with mirror measures: to confiscate these assets. And the proceeds from the sale should be directed to the development of our country,” Volodin noted.

Recall that the EU froze the assets of Russian and Belarusian oligarchs for almost 30 billion euros.

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