Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a "fortress Russia" economic model during the war in Ukraine,

Russia's federal budget received 132 billion rubles from property sales.

The Rodniki District Court in the Ivanovo region northeast of Moscow said it had seized half of the shares of Russian company Rizhsky Khleb (or Riga Bread). That Russian unit forms part of a wider group of bakery assets owned by Latvian and Ukrainian citizens, the court said.

By Guy Faulconbridge MOSCOW (Reuters) -Russian authorities have confiscated assets worth some $50 billion over the past three years, underscoring the scale of the transformation into a "fortress Russia" economic model during the war in Ukraine,

WASHINGTON — The devastation in Ukraine brought on by Russia’s war has leaders around the world calling for seizing more than $300 billion of Russian central bank assets and handing the funds ...

Momentum is growing among some Western nations to seize and sell Russian assets to fund Ukraine. But changing ownership of Russian assets to sell them means lengthy legal battles, an expert told ...

As Russia began its war against Ukraine in late February, the central banks of the U.S., Japan, U.K., European Union and others froze more than $300 billion of Russia’s foreign-exchange reserves.

The White House will ask Congress to streamline the process for seizing Russian assets, and for more aid. Latest Ukraine updates. Hotspots ranked Start the day smarter ☀️ Funniest cap messages ...

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

President Trump promised a major announcement on Russia, while more lawmakers are pushing for sanctions against the country amid continued strikes on Ukraine. CBS News' Natalie Brand and Charlie D'Agata have the latest.