Russia Warns West Over Seized Assets: Putin Claims ‘Theft’ Will Have Consequences

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Vladimir Putin Denounces Western Freezing of Russian Assets as “Theft,” Vows Retaliation

In a stern speech on Friday, June 14, Russian President Vladimir Putin condemned the West’s actions in freezing Russian assets, labeling it “theft” and warning that there would be consequences. Speaking at the Russian Foreign Ministry, Putin expressed his strong opposition to the recent move by G7 nations to use these frozen assets in a $50 billion loan package for Ukraine.

Putin’s remarks came just after the G7 announced the deal, which intends to help Ukraine amidst the ongoing conflict with Russia. The Russian president argued that such actions were not only illegal but also dangerous, accusing Western powers of undermining the very financial system they had built and used for decades to fuel their prosperity.

The Russian leader went on to criticize the West for living beyond its means, stating that their economic system had allowed them to “consume more than they earn through debts.” He painted the freezing of assets as an act of desperation, a move by the West to support Ukraine financially while destabilizing global financial systems.

“Despite all the scheming, theft will remain theft, and it will not go unpunished,” Putin said, emphasizing that Russia would not let the matter slide without a response. His comments underscore the growing tension between Russia and the Western nations, particularly as the war in Ukraine drags on and sanctions continue to mount against Moscow.

Putin’s speech also highlighted a broader message about the global economic order, suggesting that the actions of Western countries were not just a temporary measure but part of a larger strategy to reshape international finance in their favor. By accusing them of destroying the system that had long ensured their economic dominance, Putin positioned Russia as a defender of a multipolar world order, one that resists Western hegemony.

The Russian president’s vow of retaliation raises concerns about potential economic or political consequences, with analysts warning that tensions between Russia and the West could escalate further if the conflict continues. For now, the freezing of Russian assets remains a central issue in the ongoing standoff, and Putin’s remarks signal that Moscow is preparing for a long-term confrontation with the West.

As the situation develops, the world will be watching to see how Putin’s threats play out, and whether Western nations will alter their stance on Russia’s frozen assets in response to Moscow’s growing defiance.

Courtesy: The Telegraph

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