Russia issues response to US seizure of frozen assets

MOSCOW/STRESA — Russia will identify US property, including securities, that could be used as compensation for losses sustained as a result of any seizure of frozen Russian assets in the United States, according to a decree signed by President Vladimir Putin on Thursday.

The decree authorizes Russia's government commission on foreign asset sales to identify the relevant property and states that decisions on compensation would be made in court.

G7 negotiators have been discussing for weeks how to best exploit some $300 billion worth of Russian financial assets, such as major currencies and government bonds, which were frozen shortly after Moscow's special military campaign.