Home » News » Zakharova: There’s quite a lot of scope for retaliation if revenues from our property are confiscated – 2024-06-22 02:52:28

Zakharova: There’s quite a lot of scope for retaliation if revenues from our property are confiscated – 2024-06-22 02:52:28

Prepared for harsh reprisals on the event of the confiscation of its property within the West, it declares that it’s Russia.

Russia has “important quantities” of Western property and properties that could possibly be targets of retaliation by Moscow if the West seizes proceeds from Russian property, a spokeswoman for the Russian International Ministry stated Maria Zakharova.

Its leaders Group of Seven (G7) most developed industrialized nations agreed final week at a summit in Italy to make use of curiosity on Russian property, that are frozen within the West, to offer a $50 billion mortgage to Ukraine.

Russia says such motion can be unlawful and would have a adverse impression on the West, undermining confidence within the international monetary system.
“Our nation has important quantities of Western capital and property below Russian jurisdiction; all of those could possibly be targets of Russian insurance policies and retaliatory actions,” Zakharova informed reporters.

“After all nobody goes to divulge to you the character of those reprisals. However the arsenal of political and financial countermeasures is vast.”

Zakharova additionally said that Russia has acquired “direct alerts” from some G7 nations that they won’t participate in such an motion “as a result of they perceive that the price shall be extraordinarily painful.” He didn’t identify the nations or present additional particulars to substantiate this declare.

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