Kremlin tells West not to seize Russia’s $300 billion frozen assets, warns tit-for-tat

The Kremlin on Friday warned the West that it had a list of US, European and other assets that would be seized if G7 leaders decided to go ahead and confiscate $300 billion in frozen Russian central bank reserves. Leaders of the G7 nations will discuss a new legal theory that would enable the seizure of 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 any such move by the West would amount to “theft”, violate international law, and undermine reserve currencies, the global financial system and the world economy.