Russia is set to widen its power to retaliate for Western asset seizures with new legislation that could allow it to confiscate the frozen funds of foreign companies and investors, two sources familiar with the draft law told Reuters.

Russia intends to expand its authority to confiscate frozen funds belonging to foreign companies and investors. Source: Reuters, citing its sources Details: This week, the Russian government's legislative committee approved a draft law outlining the procedure for confiscating foreign property in retaliation for "similar actions" by other countries