They are preparing a lawsuit: the Russian Federation came up with how to keep frozen in the west $ 300 billion - Bloomberg

According to journalists, in Moscow, they have already found a way that will allow to block any attempts to transfer Russian money to Ukraine, even if the Kremlin does not control funds. Russia is actively preparing for litigation that will help the Kremlin to disrupt any attempts by the US or Europe to confiscate some of the frozen assets of the central bank. This was written by Bloomberg on January 12. According to journalists, the Bank of Russia has almost agreed with international law firms.

They will protect the interests of the Kremlin if the case is trial. The Russian government is also waiting for expert opinions where legislation will be analyzed abroad and whether there are precedents in other countries. "Officials in Moscow, who study the possibility of confiscation of funds, have come to the conclusion that such a result is unlikely. They asked not to name their names because this information is not public," the article reads.

It is noted that if the transfer of frozen Russian assets to Ukraine gets to court, then the Ukrainian government is unlikely to receive funds, even if Moscow does not control money. At the same time, experts believe that the Western countries have a small chance of winning the case in court, since there are no legal grounds for confiscation of assets of the Russian Federation.

Journalists in the publication refer to the Roscogress report, which describes the experience of how frozen and confiscated Iraq and North Korea assets. The document states that Russian assets are unlikely to be confiscated, the chances of it remain low. It is stated that in the absence of clear international legislation, any attempt to deprive Russia of assets will be imposed on the internal legislation of the states that have imposed sanctions.

This will allow Moscow to appeal such decisions, and court proceedings can be delayed for decades. We will remind, on January 11, the Bloomberg agency reported that representatives of the US government have expressed support for the bill, which provides for the possibility of confiscation of frozen assets of the Russian Federation, estimated at about $ 300 billion.