The seizure of the Central Bank’s assets by the West would be a negative signal for national banks of other countries, as well as a clear violation of the basic principles of economic cooperation between states. This was stated by the head of the Central Bank of Russia, Elvira Nabiullina, at a press conference, socialbites.ca correspondent reported.
“We believe this would be a strong negative signal to other central banks and would actually be a violation of the fundamental principles of maintaining central banks’ reserves,” he said.
According to Nabiullina, the security of countries’ international assets is one of the fundamental principles in international law, one of which is the immunity of central bank assets from coercive collection measures.
“This immunity ensures the stability of the international financial system. “In our opinion, deviation from this principle will lead to a gradual weakening of the position of the international financial system and reserve currencies in the world,” he said.
The head of the Central Bank assured that Russia will take all necessary measures to protect the country’s legitimate interests in this situation.
Estonian Ministry of Foreign Affairs at the beginning of February in the name EU countries will seize Russian assets worth 150 billion euros before the US presidential elections.
The need to speed up the procedure has been associated with concerns that the course of America’s relations with Russia will change due to the possible re-election of Donald Trump as US President in the November 2024 elections.
Formerly at the Russian Ministry of Foreign Affairs named theft is a desire to use Russian assets in the West to help Ukraine.