21.12.2023, 12:31
Russia has announced a response to the possible confiscation of assets by the West
Source: OREANDA-NEWS
OREANDA-NEWS Russia will take mirror measures in case of confiscation of its assets by the West, Finance Minister Anton Siluanov told reporters. This was reported by TASS with reference to his interview with Rossiya-24.
According to the minister, funds held in the country in the so-called "C" type accounts will be used for a symmetrical response. "These are our obligations on securities, dividends, those that make up our obligations to foreign counterparties from unfriendly countries," Siluanov explained.
This is not the first time the Finance Minister has announced the possibility of a mirror response to the West's use of frozen Russian assets. He already spoke in a similar way in October of this year.
The amount of funds in type "C" accounts, where income is blocked on securities owned by "unfriendly" non-residents in November 2022, according to the Central Bank, exceeded 280 billion rubles. At the same time, according to some estimates, as early as the spring of 2023, up to a trillion rubles could accumulate there, RBC wrote.
Earlier it became known that the United States again began actively exploring possible ways to legalize frozen Russian assets in order to finance Ukraine. According to media reports, one of such solutions may be the recognition of Western countries as an injured party in the Russian-Ukrainian conflict.
According to the minister, funds held in the country in the so-called "C" type accounts will be used for a symmetrical response. "These are our obligations on securities, dividends, those that make up our obligations to foreign counterparties from unfriendly countries," Siluanov explained.
This is not the first time the Finance Minister has announced the possibility of a mirror response to the West's use of frozen Russian assets. He already spoke in a similar way in October of this year.
The amount of funds in type "C" accounts, where income is blocked on securities owned by "unfriendly" non-residents in November 2022, according to the Central Bank, exceeded 280 billion rubles. At the same time, according to some estimates, as early as the spring of 2023, up to a trillion rubles could accumulate there, RBC wrote.
Earlier it became known that the United States again began actively exploring possible ways to legalize frozen Russian assets in order to finance Ukraine. According to media reports, one of such solutions may be the recognition of Western countries as an injured party in the Russian-Ukrainian conflict.
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