Russia is preparing to take legal action to block any attempt by the United States or Europe to seize some of the Russian Central Bank’s $300 billion in assets frozen in favor of Ukraine. The agency reports that Bloomberg referring to unnamed officials in Moscow.
According to the agency, Russian authorities concluded that the seizure of frozen assets of the Russian Federation is unlikely. At the same time, the Central Bank of the Russian Federation is close to signing an agreement with international law firms to represent Moscow’s interests in case of litigation.
Moscow also requested expert reports analyzing relevant foreign legislation and precedents in other countries, Bloomberg sources said.
The article states that officials involved in the discussion are confident that the court case will prevent any transfer of funds to Ukraine, even if Russia cannot gain control of the money. Moreover, they argue that West has little chance in court and that the arrest has no legal basis under the law passed after his assets were frozen.
Before that Bloomberg WroteHe said the US presidential administration supports legal measures that would allow the seizure of nearly $300 billion worth of frozen Russian assets needed for the reconstruction of Ukraine. At the Russian Ministry of Foreign Affairs criticized This.
Previously at the European Commission in the name The amount of Russian sovereign assets frozen in the European Union.