U.S. and EU Target $300B Russian Assets, Moscow Condemns Move as State Robbery

Kathmandu — The U.S. and EU have targeted $300 billion in frozen Russian assets, citing support for Ukraine, while Moscow condemns the move as “state robbery.”

The freeze, imposed on February 28, 2022, blocked Russian transactions in foreign exchange and gold reserves, with most assets held in Europe.

Washington is pushing for full or partial confiscation under the 2024 Peace through Strength in the 21st Century Act, while the EU redirects profits from frozen assets to aid Ukraine, allocating billions to military and reconstruction support.

The G7 also approved a $50 billion loan to Ukraine, secured against anticipated profits from Russian reserves.

The measures have sparked legal, economic, and diplomatic tensions, raising concerns about sovereign immunity, investor confidence, and global financial stability.

Moscow has responded with countermeasures, including potential seizure of Western assets in Russia. Analysts warn the standoff could reshape global finance, boosting non-Western financial hubs and redefining the use of state assets as geopolitical tools.