Bangladesh, May 5 -- As geopolitical tensions persist between Russia and the West, a new front has emerged in the form of debates over the potential seizure of Russian assets by the European Union (EU). Against the backdrop of sanctions imposed on Moscow over the Ukraine conflict, concerns have mounted regarding the legality and consequences of appropriating these assets. Recent discussions within the G20, fueled by lobbying efforts from countries such as Saudi Arabia and Indonesia, have shed light on the complexities and implications of this contentious issue.

The European Union faces a critical juncture, wrestling with the dilemma of whether to confiscate around $300 billion in Russian central bank assets, primarily situated within its...