Russia mulls diplomatic downgrade in response to U.S. asset seizure plans

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Russian Deputy Foreign Minister Sergei Ryabkov

25th April 2024 – (Hong Kong) Russia is contemplating a reduction in its diplomatic ties with the United States, a move that could see the nation lowering its level of relations, in response to potential U.S. steps aimed at confiscating Russian assets, according to statements made by Russian Deputy Foreign Minister Sergei Ryabkov on Thursday.

This consideration by Moscow comes on the heels of legislative actions in the United States where the U.S. Senate recently approved a significant foreign aid package. Notably, the package, which was ratified by President Joe Biden on Wednesday, includes provisions for long-awaited aid to Israel and Ukraine, as well as controversial measures that could lead to the seizure of frozen Russian assets to finance assistance for Ukraine.

Speaking to RIA Novosti, Deputy Foreign Minister Ryabkov indicated that the Russian government is actively assessing its strategic options in response to the U.S. legislation. “We are currently examining the most effective form of response,” Ryabkov remarked. He noted that the Kremlin is weighing both economic and diplomatic strategies to counteract the U.S. move.

Ryabkov also hinted at the possibility of reciprocal actions, suggesting that Russia might target the assets of Western countries in retaliation. “Among the countermeasures, we are considering actions against the assets of our Western adversaries,” he elaborated.