Browsing: russian assets

The Group of Seven “likely” abandoned the US plan to expropriate Russia’s frozen central bank assets due to a “veiled threat” from Saudi Arabia, Bloomberg has reported.

Western plans to use Russia’s frozen central bank reserves in Ukraine may undermine the global monetary system, the International Monetary Fund has stated. Responding to a question from RIA Novosti about the IMF’s view on the G7’s plans for the assets, IMF spokeswoman Julie Kozack said any move regarding the assets must have a sound legal basis.

Redirecting the money to Kiev still poses a slew of technical and legal problems, Italy says The G7 has not…

Saudi Arabia and Indonesia have reportedly been raising concerns over their own reserves held in the West The confiscation of…

Russia could downgrade relations with the US if its assets are confiscated, the deputy foreign minister has warned

A court ruling supported the lawsuit filed by state bank VTB, which seeks to recover funds blocked under Western sanctions

The confiscation of Moscow’s frozen funds could undermine international order, the head of the European Central Bank warns

Any decisions on the funds should be backed with “sufficient legal support”, according to a spokesperson

Russian Foreign Minister specified that the discussed option of confiscating only proceeds from Russian assets seized in the West, if implemented, would still be theft

Western allies are looking for “viable” options to expropriate the funds, US Treasury Secretary Yellen has said