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February 8, 2025 By Isaac Nsiah Foster Russia is preparing to expand its power to seize foreign assets in response to western sanctions. A new draft law currently under review would allow Moscow to confiscate the frozen funds of foreign companies and investors from countries it consider unfriendly. After western nations froze around $300 billion in Russian Financial assets, including government bonds and major currencies following the Ukraine conflict, Russia is now taking steps to respond with its own legal measures. The proposed legislation developed by Russia’s Justice Ministry has been approved by a key government commission. This approval allows…

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