Russia may downgrade relations with US if its assets are confiscated, deputy foreign minister says

The U.S. and some European countries are considering confiscating frozen Russian assets and using them to fund Ukraine. Russia said it was considering downgrading U.S. ties in response.

How it would be done remains highly complex, however, given it would set a controversial precedent.

Ryabkov said Moscow would retaliate economically and politically if the assets were seized.