Russia has a list of Western assets that would be seized if Group of Seven (G7) leaders decided to confiscate $300 billion in frozen Russian central-bank assets, the Kremlin said on December 29. G7 leaders will discuss a new legal theory to enable the seizure of the frozen Russian assets when they meet in February, sources have said. Kremlin spokesman Dmitry Peskov said any such move by the West would violate international law and undermine the global financial system and the world economy. When asked if there was a list of assets that Russia could seize, Peskov said, "There is," without elaborating.
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