Siluanov: we are discussing the exchange of frozen Russian and foreign assets

The exchange of assets frozen in the European Union and Russia due to various restrictions is theoretically possible, but this is a complex scheme. This was announced by the head of the Russian Ministry of Finance Anton Siluanov, his words are quoted by TASS.

Siluanov noted that such an exchange of Russian and foreign assets requires, among other things, legislative decisions.

“The topic is being considered. But it is more complicated. <...> In principle, it is theoretically possible, on the one hand. On the other hand, a number of legislative decisions need to be made here. he said.

The head of the Ministry of Finance of the Russian Federation stressed that, first of all, it is necessary to determine and confirm the volume of frozen assets.

Anton Siluanov suggested that the adoption of the necessary laws would help to use the assets of foreign investors frozen in the Russian Federation for settlements on assets frozen abroad.

He called the situation “difficult”. According to Siluanov, there are initiatives on it that are at the stage of study and “initial” consideration.

On November 14, the UN General Assembly adopted a resolution on the payment of “reparations” by Russia to Ukraine in order to start spending frozen, and in fact stolen, financial assets of Russia. Russia’s permanent representative, Vasily Nebenzya, called the document “insignificant” and “illiterate.” The day before, Dmitry Polyansky, First Deputy Permanent Representative to the UN, said that the General Assembly has no right to collect “reparations” from Russia.