Will the US or EU seize Russian sovereign assets in 2024?

After the Russian invasion of Ukraine in 2022, almost $300bn of Russian sovereign assets were frozen in Western countries. There is a heated debate about whether to seize those assets, and transfer funds to help Ukraine in the war, with arguments both in favor and against the move.

Recently, US House of Representatives passed a measure that authorizes (but not obliges) president to seize Russian sovereign assets.

It should be noted that only a minor fraction of these assets are frozen in the US, with majority stuck in Belgian depositary Euroclear.