What and where are Russia's $300 billion in reserves frozen in the West?
MOSCOW, Dec 28 (Reuters) - After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West.
The United States has proposed that working groups from the Group of Seven (G7) major industrialized nations explore ways to seize that money, according to the Financial Times.
What are these assets, where are they and what could Russia do if the assets were confiscated?
