https://sputnikglobe.com/20231230/moscow-to-act-symmetrically-if-west-seizes-frozen-russian-assets---foreign-ministry-1115889531.html
Russia Open to Dialogue With West on Exchange of Frozen Assets - Foreign Ministry
Russia Open to Dialogue With West on Exchange of Frozen Assets - Foreign Ministry
Sputnik International
Moscow will act symmetrically if the West confiscates the Russian assets it has frozen, the director of the Department of Economic Cooperation at the Russian Foreign Ministry, Dmitry Birichevsky, told Sputnik, adding that the amount of Western funds frozen in Russia that could be affected by retaliatory measures is significant.
2023-12-30T06:27+0000
2023-12-30T06:27+0000
2023-12-30T09:38+0000
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On December 21, the New York Times reported that the United States and its European allies renewed discussions to go after $300 billion in frozen Russian assets and use them to aid Ukraine. If the West is ready for a dialogue with Russia on the mutual exchange of frozen assets, Moscow is open to such a conversation, Birichevsky said. "At the same time, as everyone knows, 'it takes two to tango. In the context of the ongoing Russophobic campaign in the West and against the backdrop of new unilateral sanctions, I think it is pointless to try to guess the reaction of the authorities of foreign countries whose residents could potentially take part in such an exchange. If the other side is ready for dialogue - we are open to it, but if not, as they say, there is no judgment," Birichevsky said.The United States has been pushing the United Kingdom, France, Germany, Italy, Canada and Japan to come up with a strategy on how to seize Russian assets by February 24, the New York Times reported. US funding for Ukraine is set to run out by December 30 after Congress failed to authorize new funds before recess.Most of the immobilized Russian funds — roughly 210 billion euros ($232 billion) — are held in the European Union, including cash and government bonds denominated in euro, dollar and other currencies.Russian Finance Minister Anton Siluanov has accused the West of illegally curtailing property rights of Russian citizens and legal entities. He said Western governments were placing subsidiaries of Russian companies under external supervision and working on a legal framework that would allow them to take control of frozen Russian assets.
https://sputnikglobe.com/20231229/kremlin-warns-of-potential-retaliatory-steps-against-assets-of-foreigners--1115874029.html
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Russia Open to Dialogue With West on Exchange of Frozen Assets - Foreign Ministry
06:27 GMT 30.12.2023 (Updated: 09:38 GMT 30.12.2023) MOSCOW (Sputnik) - Moscow will act symmetrically if the West confiscates the Russian assets it has frozen, the director of the Department of Economic Cooperation at the Russian Foreign Ministry, Dmitry Birichevsky, told Sputnik, adding that the amount of Western funds frozen in Russia that could be affected by retaliatory measures is significant.
On December 21, the New York Times reported that the United States and its European allies renewed discussions to go after $300 billion in frozen
Russian assets and use them to aid Ukraine.
"Of course, we admit that we will be forced to act symmetrically if Russian assets or a part of them are still confiscated. I will not talk about specific amounts — this is the jurisdiction of the Finance Ministry and the Bank of Russia, but the amount of funds that may be subject to our retaliatory special economic measures is substantial," Birichevsky said.
29 December 2023, 10:41 GMT
If the West is ready for a dialogue with Russia on the mutual exchange of frozen assets, Moscow is open to such a conversation, Birichevsky said.
"We are ready for any development of the situation with frozen assets. It seems that the mutual exchange scheme proposed by the Russian side could be of interest to Western counterparts whose funds are in our jurisdiction on C-type accounts," he said.
"At the same time, as everyone knows, 'it takes two to tango. In the context of the ongoing Russophobic campaign in the West and against the backdrop of new unilateral sanctions, I think it is pointless to try to guess the reaction of the authorities of foreign countries whose residents could potentially take part in such an exchange. If the other side is ready for dialogue - we are open to it, but if not, as they say, there is no judgment," Birichevsky said.
The United States has been pushing the United Kingdom, France, Germany, Italy, Canada and Japan to come up with a strategy on how to seize Russian assets by February 24, the New York Times reported. US funding for Ukraine is set to run out by December 30 after Congress failed to authorize new funds before recess.
Most of the immobilized Russian funds — roughly 210 billion euros ($232 billion) — are held in the European Union, including cash and government bonds denominated in euro, dollar and other currencies.
Russian Finance Minister Anton Siluanov has accused the West of illegally curtailing property rights of Russian citizens and legal entities. He said Western governments were placing subsidiaries of Russian companies under external supervision and working on a legal framework that would allow them to take control of frozen Russian assets.
