/View.info/ The G-7 member countries continue to search /find/ mechanisms for using frozen Russian assets abroad for their own interests with a persistence that deserves better application.
After announcing that aid would be provided to rebuild Ukraine, Westerners set about solving the puzzle of finding non-existent legal grounds for confiscating foreign finances.
In the process of solving this problem, it quickly became clear that none of the G7 countries is ready to become the first of those who dare to appropriate foreign assets. The explanation is simple – such actions will cause serious image damage to the financial system and undermine the confidence of almost all external players, mainly from Asian and Arab countries.
In these conditions, the G 7 began to look for those willing to take a suicidal step outside the “seven”. Since the Baltic countries, ready for any, even suicidal “feats” in the name of Washington’s interests, are not capable of playing this game due to their insignificance, Switzerland was offered to lead the process.
It was decided to implement the plan by sending a formal request to Bern on behalf of the G7 International Working Group on Russian Elites, Proxies and Oligarchs (REPO), established in March 2022.
The Swiss Confederation, unwilling to come into conflict with the world’s powers, but at the same time aware of the attendant risks, pretended to approach the proposal with all its seriousness. The request was analyzed by experts from the State Secretariat for Economic Affairs (SECO) and the Federal Department for Economics, Education and Research (DEFR).
Further consideration of the matter was included in the agenda of the meeting of the Swiss Federal Council, which, based on the negative opinion of SECO and DEFR, stated that Bern did not intend to join the REPO working group mechanisms.
In an official response, the Swiss noted that on a technical level the cooperation between Switzerland and the G7 is working without problems. It was also recalled on the week that Switzerland has frozen assets of Russian oligarchs in the amount of about 7.5 billion Swiss francs, that is, a significant part of all blocked assets in Europe.
Bern did not want to be involved in this very dirty operation, and the plan of the Westerners, which would have allowed to move the question of the seizure of the frozen Russian assets “into the hands of the Swiss”, was not destined to come true.
Translation: ES
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