Moscow Warns of End to Russia-US Ties if Assets Seized

A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov
A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov
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Moscow Warns of End to Russia-US Ties if Assets Seized

A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov
A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov

Any possible seizure of Russian assets by the United States will completely destroy Moscow's bilateral relations with Washington, TASS quoted the head of the North American Department at the Russian foreign ministry as saying on Saturday.

Russia's relations with the West have deteriorated sharply since Moscow sent tens of thousands of troops into Ukraine on Feb. 24, calling it a "special military operation".

The West responded with unprecedented economic, financial and diplomatic sanctions, including freezing around half of Russia's gold and foreign exchange reserves that stood near $640 billion before Feb. 24.

Top Western officials, including European Union foreign policy chief Josep Borrell, have suggested seizing the frozen reserves to help fund the future reconstruction of Ukraine.

"We warn the Americans of the detrimental consequences of such actions that will permanently damage bilateral relations, which is neither in their nor in our interests," Alexander Darchiev told TASS in an interview.

According to Reuters, it was not immediately clear which assets he was referring to.

The United States and its European allies have also frozen $30 billion of assets held by wealthy individuals with ties to Russian President Vladimir Putin, including yachts, helicopters, real estate and art, according to the Biden administration.

The US Department of Justice was seeking broader authority from Congress to seize Russian oligarchs' assets as a means to pressure Moscow over its actions in Ukraine, a prosecutor said in July.

Darchiev also said that Russia warned the United States that diplomatic ties would be badly damaged and could even be broken if Russia is declared a state sponsor of terrorism.

Speaking about the situation in Ukraine, Darchiev said that the US influence on Kyiv had increased to the degree that "Americans are increasingly becoming more and more a direct party in the conflict".



Iran Is ‘Pressing the Gas Pedal’ on Uranium Enrichment, IAEA Chief Says 

International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi speaks at the Annual Meeting of World Economic Forum in Davos, Switzerland, Tuesday, Jan. 21, 2025. (AP)
International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi speaks at the Annual Meeting of World Economic Forum in Davos, Switzerland, Tuesday, Jan. 21, 2025. (AP)
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Iran Is ‘Pressing the Gas Pedal’ on Uranium Enrichment, IAEA Chief Says 

International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi speaks at the Annual Meeting of World Economic Forum in Davos, Switzerland, Tuesday, Jan. 21, 2025. (AP)
International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi speaks at the Annual Meeting of World Economic Forum in Davos, Switzerland, Tuesday, Jan. 21, 2025. (AP)

Iran is "pressing the gas pedal" on its enrichment of uranium to near weapons grade, UN nuclear watchdog chief Rafael Grossi said on Wednesday, adding that Iran's recently announced acceleration in enrichment was starting to take effect.

Grossi said last month that Iran had informed the International Atomic Energy Agency that it would "dramatically" accelerate enrichment of uranium to up to 60% purity, closer to the roughly 90% of weapons grade.

Western powers called the step a serious escalation and said there was no civil justification for enriching to that level and that no other country had done so without producing nuclear weapons. Iran has said its program is entirely peaceful and it has the right to enrich uranium to any level it wants.

"Before it was (producing) more or less seven kilograms (of uranium enriched to up to 60%) per month, now it's above 30 or more than that. So I think this is a clear indication of an acceleration. They are pressing the gas pedal," Grossi told reporters at the World Economic Forum in Davos.

According to an International Atomic Energy Agency yardstick, about 42 kg of uranium enriched to that level is enough in principle, if enriched further, for one nuclear bomb. Grossi said Iran currently had about 200 kg of uranium enriched to up to 60%.

Still, he said it would take time to install and bring online the extra centrifuges - machines that enrich uranium - but that the acceleration was starting to happen.

"We are going to start seeing steady increases from now," he said.

Grossi has called for diplomacy between Iran and the administration of new US President Donald Trump, who in his first term, pulled the United States out of a nuclear deal between Iran and major powers that had imposed strict limits on Iran's atomic activities. That deal has since unraveled.

"One can gather from the first statements from President Trump and some others in the new administration that there is a disposition, so to speak, to have a conversation and perhaps move into some form of an agreement," he said.

Separately, UN Secretary-General Antonio Guterres said at Davos that Iran must make a first step towards improving relations with countries in the region and the United States by making it clear it does not aim to develop nuclear weapons.