Anton Siluanov spoke about how Russia will respond to the West’s actions in the financial sector.
The Finance Minister stated that the Russian Federation will begin using the income generated by frozen assets of unfriendly states.
He announced this on the air of the Vesti program on the Russia 1 channel.
Siluanov noted that this decision is adequate in light of what Western politicians have planned to do.
In this case, Russia also has the right to use the funds that were received from the frozen assets of Western countries.
We are talking about the resources of investors, financial market participants and companies.
Moscow is implementing exactly the same mechanism that was invented in the West.
The frozen funds themselves will not be used. We are talking only about the money that will be received from reinvestment.
Earlier, the European Union announced this method of using Russian assets.
European financial structures control about $300 billion belonging to Russia.
For reference
An asset is a part of the balance sheet that reflects the composition and value of an organization’s assets on a specific date.
