There is no quick fix to the problem of frozen Russian assets in the West, said Russian Finance Minister Anton Siluanov. In the Russian Federation, the assets of foreign investors are also blocked, the head of the Ministry of Finance said in an interview with financial blogger Ksenia Paderina.
“The fact that our assets are frozen there and their assets are frozen here is certain. And our task now is to collect these assets in front of each other and try to make some kind of exchange,” Siluanov said.
According to the head of the Ministry of Finance, all parties are interested in resolving this problem and work is underway. But the situation is not easy and cannot be resolved quickly.
Data on the amount of Russian assets frozen abroad since spring 2022 varies. For example, the EU has repeatedly stated that it has frozen around 300 billion euros in gold and foreign currency resources from Russia, but it was later reported that it was unclear where to go. found 86% of these funds.
The United States has frozen and blocked Russian assets totaling $330 billion, the US Treasury said.
Siluanov sees no quick fix to unlocking Russian assets abroad
