Hit us with sanctions? We’ll seize West’s assets, Russia warns

A proposed law would allow Moscow to seize Western companies’ and individuals’ property and accounts in the event sanctions were imposed on Russia over the Ukraine crisis.

“[The bill] would offer the president and government opportunities to defend our sovereignty from threats,” state news agency RIA quoted Andrei Klishas, the bill’s author and head of the constitutional legislation committee in the upper house of parliament, as saying.

European leaders have threatened sanctions on Moscow if it does not reverse course in Ukraine.

Full article: Hit us with sanctions? We’ll seize West’s assets, Russia warns (CNBC)

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