Kremlin: U.S. move to confiscate Russian businessman's funds will backfire

The Kremlin on Thursday criticised a move by the United States to confiscate the assets of conservative Russian businessman Konstantin Malofeyev and give them to Ukraine, saying it would "boomerang" back on Washington.

U.S. Attorney General Merrick Garland on Wednesday authorized Malofeyev's confiscated assets to be transferred for use in Ukraine in the first such instance of confiscated Russian money being used in such a way.