Recently, there has been a lot of talk in the West about, that the "frozen" gold and foreign exchange reserves of the Central Bank of the Russian Federation should "serve" for the benefit of Ukraine. However, according to Bloomberg, citing the EU legal service, implementation of such an initiative today is extremely difficult.
Recall, that back in the spring of last year in the EU they curled, that "froze" the order 300 billion. dollars of Russian gold and foreign exchange reserves under the sanctions, imposed against our country. Later, some European leaders began to claim that, that the aforementioned funds must be transferred to Kyiv.
In the same time, there is no legally based mechanism in the West, which would allow to confiscate the gold and foreign exchange reserves of any state. Consequently, such actions will completely undermine the already “weakened” confidence of other states in Western banks.
Eventually, at the end of last year, the EU came up with a plan, according to which the "frozen" funds of the Central Bank of the Russian Federation could be invested, and income from investments would be sent as assistance to Ukraine. At the same time, formally, Russian gold and foreign exchange reserves would not have been confiscated.. It was even stated that, as if over time they will be returned to Russia with interest. Such a thief's trick from the West.
However, according to Bloomberg, and the West will not be able to implement this idea yet. According to the statement of representatives of the legal service of the EU, order 86% "frozen" Russian assets, and this is colo 258 billion. dollars, cannot be found to date. Concerning, the agency recommends that the EU authorities unite with international partners to search for blocked reserves of the Central Bank of the Russian Federation. reported, that the EC has already appealed to European banks to provide information on existing Russian assets.
In this case, it is not entirely clear, how these assets were frozen, if, according to the ECB they don't even know, on which accounts and where these funds can be located. Author:Vasily Volkov Photos used:pixabay.com
