Reported 5 months ago
Russian President Vladimir Putin signed a decree allowing Russia to seize assets of U.S. entities to compensate for any Russian assets confiscated in the U.S., as G7 finance officials discussed the frozen Russian assets in the West. After the U.S. passed a law to seize $5 billion in Russian state assets in America, Putin's decree allows Russian entities to apply to courts to declare the property seizure unjustified and offer compensation in the form of U.S. assets in Russia if agreed upon by the court.
Source: YAHOO