Roscongress: Risk of seizure of frozen Russian assets is low

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These risks remain low, although Western countries have prepared a legal framework for the seizure of frozen Russian assets. This was reported with reference to the Roscongress report on freezing of assets. RIA News.

The document states that examples taken from other countries show the possibility of seizing national reserves in violation of international law. The situation was the same with funds from Iran, Iraq, Afghanistan and Cuba.

However, the report points out that the freezing of central banks’ assets is still not clearly regulated at the international level. Therefore, countries will independently actively develop their own laws regarding the freezing and confiscation of foreign assets.

The authors of the report expressed confidence that the real risks of seizure of the Bank of Russia’s reserves remain low.

Previously Bloomberg commentedHe said Washington’s attempts to pass a law that would seize the frozen assets of the Bank of Russia would weaken US influence in the world and show other countries that it is better to keep funds in independent banking centers and in currencies other than the dollar and euro.

Previously Nabiullina in the name The most painful sanctions against the Russian Federation.

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