Yesterday at 19:43
The world has no experience in confiscating frozen assets except the United States. But the precedent of a global war unleashed by Russian President Vladimir Putin should obviously call for adequate action. Professor, rector of the International Business Institute, banker and economist Alexander Savchenko stated this on the FREEDOM TV channel.
“Europe has no experience in confiscating sovereign assets. This is the first experience. But there has never been such a war in Europe after 1945. This is not unique to the United States. They carried out such operations – the confiscation of sovereign assets in Afghanistan, Iraq, Venezuela and other countries, and transferred these assets to the opposition, that is, to other parties to the conflict, which the Americans consider the fair side. Therefore, I believe that sooner or later the status of frozen assets will turn into the status of confiscated assets,” he said.
Therefore, the economist admits that next month at the historic meeting of the G7 (“Big Seven”) such a decision will be made in principle and within a few months, first in the USA, Canada, and then in the European Union, the money will be confiscated.
“And now we need to think about the most optimal mechanism for transferring them to Ukraine. For Ukraine’s speedy victory over Russia in this war,” Savchenko clarified.
As previously reported, Russian assets worth about $300 billion were frozen in the West. According to Reuters, the Russian Federation kept almost half of its gold and foreign exchange reserves in Western countries. Germany says it has blocked Russian funds worth more than 4 billion euros.
