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Finance Minister Anton Siluanov has warned that Moscow will respond in kind if the European Union decides to utilize profits generated from frozen Russian assets. Last year, around €260 billion ($285 billion) of Moscow’s central bank assets were immobilized in G7 countries, the EU, and Australia. Notably, €210 billion ($230 billion) of Russia’s reserves are…

Regional authorities should support businesses willing to fill the void left by Western firms, the president has urged Western pressure on Russia intended to strangle the country’s economy has in reality turned out to be a powerful incentive for the development of domestic industries, President Vladimir Putin said on Thursday.