Russia can't match a Western asset seizure, but it can inflict pain [Reuters]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Reuters
dwindling foreign investment, but officials and economists say there are still ways it can strike back. The United States wants to immobilised Russian reserves - around $300 billion globally - and hand them to Ukraine, while EU leaders favour ringfencing profits from the assets, estimating they will total 15-20 billion euros by 2027. Much of that money is centrally held, meaning it is accessible if the West decides to go after it. Russia says any attempt to take its capital or interest would be "banditry" and has warned of catastrophic consequences, although it has been vague about exactly how it might respond. Former President Dmitry Medvedev on Saturday that Russia did not have enough U.S. state property to retaliate symmetrically and would have to go after private investors' cash instead - a step he said would be no less painful. Reuters spoke to six economists, lawyers and experts who have been tracking the status of assets frozen by both sides since Russia launched its
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