https://sputnikglobe.com/20240222/imf-raises-concerns-over-western-plans-to-seize-russian-assets-1116927452.html
IMF Raises Concerns Over Western Plans to Seize Russian Assets
IMF Raises Concerns Over Western Plans to Seize Russian Assets
Sputnik International
The International Monetary Fund (IMF) warned on Thursday that Western plans to confiscate frozen Russian assets could threaten the international monetary system and carry other unanticipated risks.
2024-02-22T18:06+0000
2024-02-22T18:06+0000
2024-02-22T18:06+0000
economy
imf
russia
european union (eu)
international monetary fund
frozen assets
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“From our perspective, it is important that any actions have sufficient legal underpinnings to avoid potential risks, and these include risks of litigation, risks of countermeasures, and risks to the international monetary system,” IMF spokesperson Julie Kozack told reporters. IMF spokesperson emphasized that countries holding those assets should discuss this issue. “The decision of what to do with frozen assets rests with the countries who are holding the assets,” Kozack said. After the start of Russia's special military operation in Ukraine on February 24, 2022, Western and EU countries imposed comprehensive sanctions against Russia, including the freezing of nearly half of the country's foreign currency reserves. Russia has maintained that any attempt to confiscate its frozen assets would violate international law. Russian Foreign Ministry spokeswoman Maria Zakharova said earlier that the EU plans to seize Russian central bank assets were an "escalation of economic aggression" and warned that Moscow would respond in a harsh manner.
https://sputnikglobe.com/20240215/us-seizure-of-russian-assets-would-axe-hope-for-diplomacy-destroy-ukraine---senator-1116805422.html
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russian frozen assets, western attempts to confiscate russian frozen assets, imf warns of risks if russian assets confiscated
russian frozen assets, western attempts to confiscate russian frozen assets, imf warns of risks if russian assets confiscated
IMF Raises Concerns Over Western Plans to Seize Russian Assets
WASHINGTON (Sputnik) – The International Monetary Fund (IMF) warned on Thursday that Western plans to confiscate frozen Russian assets could threaten the international monetary system and carry other unanticipated risks.
“From our perspective, it is important that any actions have sufficient legal underpinnings to avoid potential risks, and these include risks of litigation, risks of countermeasures, and risks to the international monetary system,” IMF spokesperson Julie Kozack told reporters.
IMF spokesperson emphasized that countries holding those assets should discuss this issue.
“The decision of what to do with frozen assets rests with the countries who are holding the assets,” Kozack said.
After the start of Russia's special military operation in Ukraine on February 24, 2022, Western and EU countries imposed comprehensive sanctions against Russia, including the freezing of nearly half of the country's foreign currency reserves. Russia has maintained that any
attempt to confiscate its frozen assets would violate international law. Russian Foreign Ministry spokeswoman Maria Zakharova said earlier that the EU plans to seize Russian central bank assets were an "escalation of economic aggression" and warned that
Moscow would respond in a harsh manner.
