Photo. Scanpix/LETA
The representatives of the G7 countries have unofficially stated that the issue of the complete confiscation of Russian assets is no longer on the agenda; instead, they look for alternative ways to get funds from them. “Despite Ukraine’s continued insistence on the full confiscation of Russian assets, this issue is no longer on the agenda for G7 representatives,” writes the Financial Times.
7 products that should not be reheated: they can cause significant health damage
A representative of the Ukrainian intelligence service: Russia could occupy the Baltic states within seven days
ARTICLE EDITOR
“To us there is nowhere to go! Shut off the gas and water!” In Ogre, the multi-apartment building is recognized as dangerous and the residents are ordered to leave their homes immediately
Read other posts
Opponents of the idea of complete confiscation of the frozen funds of the Russian Federation see the risk of creating a dangerous precedent in international law, which can threaten not only the interests of any country, but also the international legal system itself.
US President Joe Biden’s administration has reportedly backed calls for confiscation, as have Canada and some members of the UK government. Meanwhile, Japan, France, Germany, Italy and the EU itself remain very cautious, leaving everyone at a standstill.
Among the most prominent skeptics are the G7 central bankers, who are aware of the stabilizing role of foreign exchange reserves. Similarly, countries such as Indonesia and Saudi Arabia are lobbying EU capitals not to seize assets, fearing for the future of their reserves stored in the west.
The US claims there is a legal basis for full asset forfeiture as a legitimate countermeasure to Russia’s aggressive war. But Europeans say it’s easier for the U.S. to take a tough line because America owns only $5 billion in Russian state assets.
Themes
Tags: Give hand confiscation Russian assets longer agenda fear
