The head of the British Foreign Office found it difficult to confiscate the frozen assets of the Russian Federation

Photo: © Global Look Press/Lev Radin/Keystone Press Agency

Photo: © Global Look Press/Lev Radin/Keystone Press Agency

Confiscation of frozen Russian assets has proven to be no easy task. About it declared British Foreign Secretary James Cleverley, explaining that there had been no such practice in the past.

“The simple truth is that it is not as simple as the (parliamentarian’s) question suggests. The fact is that there have been conflicts in the world before. There have been guilty parties. But there has never been a confiscation of assets,” he noted.

The Minister stressed that countries need to be sure that domestic and international laws are being followed.

According to Cleverley, the UK government is carefully studying proposals for the confiscation of frozen assets. The country, as the minister stressed, is going to continue seeking punishment for Russia for the conflict in Ukraine.

Earlier it was reported that the leaders of the EU countries are ready to step up efforts to use the frozen Russian assets for the restoration of Ukraine.

After the start of a special operation to protect the Donbass, Western countries imposed tough anti-Russian sanctions. In particular, they froze about half of Moscow’s foreign exchange reserves – approximately $300 billion of assets of the Central Bank of Russia and up to 20 billion of European assets of entrepreneurs from the Russian Federation.

At the same time, according to European media, the European Commission has no idea where 200 of the 300 billion dollars of Russia’s frozen assets are located.

Source: Ren

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