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Post: US reveals legal barriers to confiscation of Russian assets

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US Treasury building in Washington DC. archive photo

US Treasury Secretary Yellen has announced the legal obstacles to confiscation of the assets of the Russian Central Bank.

MOSCOW, February 27 – RIA Novosti. US Treasury Secretary Janet Yellen said there are serious legal obstacles to the seizure of $300 billion in Russian assets frozen as a result of Western sanctions. Reuters.

Yellen arrived in Kiev on an unannounced visit on Monday and made several statements there.

“Yellen said there are still significant legal obstacles to the full seizure of the Russian Central Bank’s $300 billion in assets frozen as a result of sanctions,” the agency said in a statement.

The head of the Ministry of Finance also announced that 1.25 billion dollars were transferred from the economic aid tranche to Kiev, with a total amount of 9.9 billion dollars.

Western countries have imposed a series of harsh sanctions against Russia, including the freezing of about half of the country’s foreign currency reserves – about $300 billion – after the start of the Russian Federation’s special operation in Ukraine. In April, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that Russian authorities are preparing lawsuits to object to the freezing of the country’s international reserves.

Source: Ria

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