MOSCOW [RUSSIA], Russia warned on Sunday that any seizure of its assets would result in a blow to the Western economic system and would be "subject to retaliatory actions and legal proceedings." "This will be such a solid nail in the coffin of the future of the entire Western economic system," Kremlin spokesman Dmitry Peskov said in an interview with journalist Pavel Zarubin of the 'Moscow, Kremlin, Putin' program on the Rossiya 1T channel. Russian President Vladimir Putin's press secretary said that even in the event of the seizure of frozen Russian assets in the West, Russia will take legal action and other measures, Sputnik reported. The Russian news agency quoted him as saying that foreign investors and countries around the world would reconsider investing their money in Wes if Wes goes ahead with the asset freeze approved by the US Congress this week "Of course, foreign investors, Foreign states that keep their reserves in the assets of these countries, think ten times before investing their money from now on,'' Peskov said. On April 23, the US Senate adopted a set of bills, which have already been approved by the House of Representatives. Passages were passed, including a bill that would make it possible for the US to seize Russian financial assets that were frozen as part of Western sanctions and transfer them to Ukraine for reconstruction.According to Peskov it is too early to talk about Russia's reaction in the event of Russian assets being seized by the West, but noted that while Russia also had Western assets, Russian President Vladimir Putin and his government have made efforts in the past to keep the ruble stable. Invested heavily in euros and dollars over a few years, accumulating foreign exchange reserves worth US$300 billion. According to an analysis by NBC News, in early 2022, after Putin's invasion of Ukraine, all the Group of Seven countries – the US, Britain, Canada, France, Germany, Italy and Japan – came together and all Confiscated. 300 billion Russian foreign exchange reserves are deposited in banks in those countries, most of it in Europe. Meanwhile, Russian Security Council Deputy Chairman Dmitry Medvedev said Moscow's reaction to the US law providing for freezing Russian assets "will be bitter. Only an asymmetric" response is possible.“However, this does not mean it will sting any less,” he wrote on Telegram, as quoted by the TASS news agency Medvedev also suggested enacting a law to allow Russia to seize assets of citizens of unfriendly countries.