
The United States and its allies are discussing legal options to transfer Russia's frozen assets to Ukraine, US Treasury Secretary Janet Yellen said in an interview with CNN.
“I think RUSSIA should pay for the damage it has done to Ukraine. <...> We are discussing this with our partners, but there are our own legal restrictions on what we can do with the frozen Russian assets,” she said.
According to her, the United States has already begun to transfer assets confiscated from Russian individuals to Ukraine, but so far they cannot do the same with state assets.
Western countries have been discussing the transfer of assets of the Bank of Russia to Kyiv for several months now. The authorities of Ukraine called for this to be done. Russian Finance Minister Anton Siluanov said earlier that due to restrictive measures, almost half of Russia's gold and foreign exchange reserves, or about $300 billion, were frozen.
On April 13, US Under Secretary of State for Political Affairs Victoria Nuland said that the restoration of Ukraine, according to the World Bank, would require $411 billion, and Moscow should "pay for it." Die Welt previously wrote that the European Commission believes that the blocked assets will return to Russia after the end of the fighting in Ukraine, but for now they could be invested to finance the latter.
The Kremlin stated that they would consider the seizure of Russian assets in favor of Ukraine “in fact, outright theft”, and their blocking violates the foundations of international law and international economics. Central Bank chief Elvira Nabiullina has vowed to challenge the freeze on international reserves, and President Vladimir Putin has warned that "stealing other people's assets" will lead to problems for those involved.
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