The European Central Bank, Germany and France fear the seizure of Russia’s frozen assets. The agency reports that Bloomberg.
It was noted that the danger for Western countries was that the withdrawal of assets would set a precedent that would encourage other countries to avoid holding reserves in Western currencies.
Formerly White House Strategic Communications Coordinator John Kirby statedHe said seizing blocked Russian assets depends on the availability of an appropriate legal framework in the United States and support from allies.
Bruno Le Maire, formerly French Minister of Economy, Finance, Industrial and Digital Sovereignty statedThe European Union has no legal basis to seize all Russian assets frozen in European countries. According to Le Maire, there could be nothing more destructive for Western countries than failure to comply with international rules, as this would risk deepening the divide in the world community and Europe would be accused of double standards.
Previously Siluanov reportedThe volume of assets mutually blocked by Russia and Western countries is comparable.