MOSCOW, February 25. /TASS/. Russia’s response to the potential seizure of its frozen assets by the West will be proportionate and tough, a senior Russian lawmaker said.

"The collective West is pushing the world toward a bigger havoc by ruining the fundamentals of international law and the international financial system. Larceny and fraud schemes with Russian assets will inevitably give up on the investment attractiveness of the United States and European countries among the global majority and will eventually bring down the positions of the dollar and euro as global reserve currencies. These are long-term consequences," Leonid Slutsky, head of the international committee of the Russian State Duma (lower house of parliament) and leader of the Liberal Democratic Party of Russia (LDPR), wrote on his Telegram channel.

"But the West should not be deceived in the short-term perspective either. It will not be able to line its pockets on Russia. Our response to the Anglo-Saxon bandits and expropriators will be proportionate and tough!" he added.

According to a statement of the G7 online summit that took place in Kiev under the presidency of Italian Prime Minister Giorgia Meloni, the Group of Seven will seek to force Russia to compensate for Ukraine’s damage from the frozen Russian assets and will ask the governments to elaborate steps to implement this measure.

The summit was timed to the second anniversary of the beginning of Russia’s special military operation and focused on Ukraine. Ukrainian President Vladimir Zelensky addressed the G7 leaders calling on them to continue supporting his country. The G7 leaders will hold an offline meeting in June in Italy.