INSUBCONTINENT EXCLUSIVE:
Russia is preparing a legal challenge to prevent the United States and Europe from seizing some of its $300 billion in frozen assets that
the West wants to use to help rebuild Ukraine, Bloombergreported Friday, citing anonymous officials in Moscow familiar with the matter.The
news agencyreported Wednesday that the Biden administration supported confiscating some of the $5 billion of Russian reserves held in the
Washington is reportedly seeking to coordinate the move with G7 members and Europe, where $200 billion of the frozen Russian Central Bank
assets are held.But Russian officials cited by Bloomberg on condition of anonymity, because the information is not public, expressed
comment on the alleged negotiations to Bloomberg.The Kremlin has previouslyvowed court challenges in case its frozen assets in the West were
sanctions law partner at Moscow-based BGP Litigation, told Bloomberg.
