MOSCOW, November 8. /TASS/. Confiscating Russia’s assets and giving them to Ukraine would be further confirmation of the bankruptcy of US foreign policy and do irreparable damage to Washington’s reputation, Federation Council Deputy Speaker Konstantin Kosachev has said.

"If the US goes for confiscation, it will be further unequivocal confirmation of the complete failure of US foreign policy. Along with the no less resonant fiasco in the Middle East it will deal a crushing blow to the reputation of the contender to world hegemony," Kosachev wrote on his Telegram channel, commenting on the decision of the Foreign Affairs Committee of the US House of Representatives to support a bill to transfer part of Russia's confiscated assets to Ukraine.

He described the decision as "the further culmination of the collapsing unipolar world."

"As follows from media reports, the focus is not on the proceeds from frozen funds in US accounts, but direct confiscation of Russia's sovereign assets. This will be tantamount to crossing the line between civilized behavior and highway robbery. After all, the US is not at war with Russia (however, theft of state funds would be tantamount to a declaration of economic war). No agreements have been violated on the Russian side, nor have there been any threats to America," Kosachev stated.

He stressed that this was all about third parties and internal decisions made by the US.

"They take liberties in seizing other countries’ assets. Of course, no reasoning in favor of such decisions can be taken seriously at the interstate level: if you don't like the way some country acts in its relations with some other country - that’s your personal problem. But, of course, it does not give you the right to encroach on someone else's property," Kosachev said.

He added that the collective West had gained its strength largely thanks to the inviolability of property, "and all these confiscation games are a blow to the basics of the system that the US and its allies are trying hard to preserve in the world."

"The US drives itself ever deeper into a kind of zugzwang: any measure Washington takes against Russia is a powerful argument explaining why it is no longer possible to tolerate the unipolar dictatorship of one country. All civilized measures have long been exhausted. All that remains are gross violations of what is still left of international law and elementary decency," Kosachev concluded.