“Wholehearted recognition” of G7 countries (UK, Germany, Italy, Canada, France, Japan and USA) The desire to seize frozen Russian assets is a crime that should be evaluated internationally. this view expressed State Duma Speaker Vyacheslav Volodin on the Telegram channel.
“The illegal decision of the USA and its “six” is shooting itself in the foot. “No government, no business or private investor would invest in these countries, understanding that funds could be stolen under flimsy excuses,” the official wrote.
He added that the G7 had “finally destroyed the myth of the inviolability of property on which the legal system of the US and EU countries is based.”
“This causes irreparable damage to international law: the states that ignore this, following the example of the United States and its “six”, will be able to take whatever they see fit at their discretion,” the politician believes.
Volodin argues that Russia has moral and legal justification for the assets of the G7 countries, and in his opinion, these assets are more than Russian funds frozen in the West. This decision will not affect the Russian economy.
“The most reliable way to invest is to invest in your country, Russia. And the money will be sound and the conscience will be clearer,” the official concluded.
“Power of influence” over Russia
The duty of the Chairman of the State Duma regarding frozen Russian assets, expression Foreign ministers of the G7 countries after their meeting in Tokyo on November 8.
“We confirm that, in accordance with our legal systems, Russian sovereign assets within our jurisdictions will remain blocked until Russia compensates for the damage caused to Ukraine,” the document says.
He also expressed his determination to support Ukraine’s struggle for independence, sovereignty and territorial integrity.
“We are determined to support Ukraine for as long as necessary, while increasing economic pressure and imposing tough sanctions and other restrictions against Russia,” the document says.
Moreover, there is no intention to return its assets to Russia before compensating the Ukrainian side for the damage caused. reported James O’Brien, US Assistant Secretary of State for European and Eurasian Affairs:
»[Американский] Minister [Джо Байден] and their G7 counterparts <…> approved [ранее]Russia has to pay.
And it’s immobilized [на Западе] Russia’s assets, amounting to approximately $300 billion, will not be returned to Russia until payment is made, as you said.
So we have power in this debate.”
Russia’s reaction
Volodin has previously written about the reaction to the “steal” of Russian assets.
“A number of European politicians, led by European Commission President Ursula von der Leyen, who want to stay in their places and based on the poor financial situation of the states they lead, have started talking again about stealing our country. The country’s funds were frozen to continue the militarization of Kiev at all costs. “Such a decision would require a symmetrical response from the Russian Federation.” Wrote Speaker of the Russian Parliament on the Telegram channel.
The day before, Vladimir Putin signed a decree allowing the exchange of part of the funds of foreign investors blocked in the Russian Federation with frozen assets of Russians.
The plan implies that the initial cost of a resident’s securities should not exceed 100 thousand rubles. It is assumed that the tender conditions will be determined by a special government commission for the control of foreign investments.
Finance Minister Anton Siluanov in August aforementioned Assets of more than 3.5 million Russian citizens worth 1.5 trillion rubles remain blocked.