Kirill Logvinov, Russia’s Acting Permanent Representative to the EU, said: DEA Newsthat sooner or later Russian funds frozen in the West will be returned, and possible losses will be compensated from the pockets of European taxpayers.
“No matter how much the European Union consults with the G-7, whatever way they try to invent to seize Russian assets, any ‘thief plan’ is by definition inconsistent with generally accepted legal norms,” he said.
According to Logvinov, the legal service of the European Council, in fact, agreed that sooner or later Russian state assets will have to be returned, and possibly with interest. He also stressed that if for any reason these funds were “lost”, the EU would have to recoup the losses at the expense of taxpayers who were not even aware of it.
After Russia’s special military operation in Ukraine, about half of the country’s foreign exchange reserves (approximately 300 billion dollars) were frozen by Western countries.
Former US Secretary of the Treasury accepted The existence of “serious legal obstacles” to the seizure of Russia’s large frozen assets.