A number of international banks have demanded that the UK government develop legal guidelines before seizing blocked Russian financial assets and using them to rebuild Ukraine. writes about this Bloomberg.
“Banks are calling on the UK to tighten laws on the seizure of Russian assets,” the document said.
According to the agency, credit institutions called for the creation of a so-called legal mechanism that would protect against potentially Russian actions. In addition, some kind of legal protection is required to ensure that the confiscation process takes place within the framework of international law and on a legal basis.
“Otherwise, the withdrawal could threaten possible shocks to the global financial system,” the journalists concluded.
International Monetary Fund Managing Director Kristalina Georgieva in December warnedHe said seizing frozen Russian assets could harm global financial stability and monetary policy.
Formerly in the Federation Council saidWhat the seizure of Russian assets would mean for the West.