Russian President Vladimir Putin seated and speaking into a microphone.
Russian President Vladimir Putin.
  • The West froze $300 billion in Russian central-bank assets after Moscow invaded Ukraine in 2022.
  • Now, G7 leaders are set to discuss how to seize those assets to fund reconstruction in Ukraine.
  • Russia appears to be furious over the possibility — and it says the West has just as much to lose.

The Russian state news agency RIA reported on Sunday that the country would retaliate against the West in equal measure if it confiscated Moscow's frozen assets to help Ukraine.