Lavrov Tells Rubio Russia and US Must Repair Ties Swiftly

The demand for return of confiscated assets matters well beyond diplomacy: if Washington treats seized sovereign reserves as a bargaining chip, every reserve manager holding assets in another jurisdiction has to reprice that risk. That logic runs through crypto and tokenized RWA markets too, where the appeal of self-custody and neutral settlement rails rests on exactly this kind of state-level asset seizure. Whether the two sides move from talking to actual restitution is the open question — and a signal for how sovereign holdings are treated more broadly.