According to Finance Minister Christian Lindner, such an idea is being discussed among the member countries of the G7 and the EU, certain proposals have been received. At the same time, in the case of a possible confiscation of the assets of the Russian elite, one must strictly follow the law ” alt=”German Minister of Finance said that he was “politically open” to the idea of seizing the assets of the Central Bank” />
German Finance Minister Christian Lindner said that he was “politically open” to the idea of confiscation of foreign assets of the Russian Central Bank. He said this in an interview with four European newspapers, including Handelsblatt.
“I am politically open to the idea of confiscating the foreign assets of the Central Bank of Russia. This issue is already being discussed among the members of the G7 and the EU, proposals have already been voiced,— he explained.
According to Lindner, in the case of private assets, you need to carefully study the law. “We must respect the rule of law, even when dealing with Russian oligarchs,” — noted the minister.
He also said that the EU is ready to decide on further sanctions against Russia. “We intend to isolate Russia politically, financially and economically,” emphasized Lindner.— At the same time, we are seeing serious economic impacts, especially for low-income countries, due to rising interest rates and rising global agricultural prices. We will have to work together to stabilize the global economy.
Western countries, including the European Union, the United States and Great Britain, decided to block the international reserves of the Central Bank at the end of February. The head of the European Commission, Ursula von der Leyen, specified that the measure would freeze the regulator's transactions and deprive it of the ability to use assets.
Russian Finance Minister Anton Siluanov claimed that about half of the gold and foreign exchange reserves were frozen: about $300 billion out of $640 billion.
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In March, the Central Bank took retaliatory measures. In particular, he banned banks from transferring money from non-residents of countries that have announced sanctions against Russia abroad. The list includes 43 countries. In addition, at the end of March, the regulator took additional measures to limit the movement of funds. “Restrictions were introduced on the movement of capital, a ban on the sale of securities by foreign investors and a ban on their withdrawal of funds from the Russian financial system. In addition, payments on corporate debt of Russian companies and government debt to debt holders from countries that support sanctions against Russia will only take place with the permission of the government commission, — reported to the Central Bank.
The possible confiscation of the reserves of the Central Bank has already been thought in Japan. However, the authorities came to the conclusion that it would be impossible to seize or freeze assets, since there are no relevant provisions in the country's legislation.
Ukraine stated that it claims to have frozen reserves of the Central Bank and, together with Western partners, is working on a mechanism for the confiscation of $ 415 billion reserves. “In fact, this amount is practically enough to cover the direct one-time losses of Ukraine. We expect that in the near future, together with the governments of the partner countries, we will find a legal mechanism through which this money will be spent on the further restoration of the Ukrainian economy,— said the first deputy head of the Ministry of Economy of the country Denis Kudin.
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