Russia will find a way out of the situation with frozen assets and, if necessary, take retaliatory measures, Russian Finance Minister Anton Siluanov told reporters on February 27 on the sidelines of a meeting of finance ministers and governors. of central banks of the BRICS countries in Brazil.
“We will still find a way out of this situation. But these decisions undermine the foundations of the global financial system, which have been taking shape for decades. We have something to answer. “We have also frozen sufficient volumes of financial assets and investments of foreign investors in our securities, all those transfers that we make to the owners of our securities.”Siluanov noted, responding to a question about another initiative to confiscate Russian reserves blocked in the West.
Such actions are seen to undermine the foundations and fundamentals of the financial system when the gold and foreign exchange reserves of national banks are subject to sanctions.
Recall that, according to a statement from the US Treasury, the assets of the Central Bank of Russia worth approximately 300 billion dollars (27.5 trillion rubles), as well as other assets related to Russia for a worth more than 30 billion dollars (2.75 trillion rubles), are blocked worldwide.
Source: Rossa Primavera
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