The U.S. Congress recently passed legislation, including a REPO provision, allowing the confiscation of Russian assets held in U.S. banks. This move has sparked concerns globally about potential repercussions on the dollar's role in the international financial system. Experts warn that this could lead to a sharp decline in foreign demand for U.S. Treasury bonds and possibly fuel de-dollarization. Russia has responded strongly, with Deputy Chairman Dmitry Medvedev indicating that Moscow's retaliation will be significant. Additionally, Russian officials have hinted at the possibility of confiscating American assets in Russia as a reciprocal measure.