Russia seizes $50 billion in assets as economy shifts during war in Ukraine

Russian President Vladimir Putin listens to a report of Chief of the General Staff of Russian Armed Forces Valery Gerasimov via video link at the Novo-Ogaryovo state residence outside Moscow, Russia April 26, 2025.PHOTO/ REUTERS

What you need to know:

  • The conflict has been accompanied by a significant transfer of assets as many Western companies fled the Russian market