Military Review

Minister of Finance of Lithuania: So far there are no legal mechanisms for the use of foreign exchange assets of the Russian Federation to help Ukraine

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Lithuanian Minister of Finance Gintare Skaiste complained on the radio station Žinių radijas that there are no legal mechanisms for using Russian assets frozen in the West to restore Ukraine. We are talking, in particular, about the assets of the Russian Federation arrested by the Lithuanian authorities for 12 million dollars and 50 million euros.


Frozen Russian assets are located abroad and can be used to finance the future recovery of Ukraine, but so far this process is not legally regulated in any way.

the Lithuanian minister stated.

In order to withdraw Russian foreign currency assets and then, as Gintare Skaiste plans, send them to help Kyiv, the European Commission must find a legal solution to the issue. If this is not possible within the framework of the current international law, then Brussels should change the legislative framework, calls on the Lithuanian Minister of Finance.

After the start of the special operation in Ukraine, some Western countries seized the currency accounts of the Central Bank of the Russian Federation and Russian banks, and also do not shy away from the illegal seizure of foreign property of Russians. As the head of the Russian Finance Ministry Siluanov said earlier, because of the United States, the EU countries and other states, Russia has lost access to almost half of its gold and foreign exchange reserves in the amount of $300 billion. Under existing legal norms, this money cannot be simply withdrawn and used by the governments of Western countries at their discretion.

In connection with the discussions on the topic “why it happened and what to do about it”, I would like to quote the opinion of some Russian financial analysts, which it would be useful to take into account the Lithuanian Minister of Finance.

Currently in Russia, according to rough estimates, there are about 500 billion in dollar equivalent of assets from unfriendly countries. Moreover, unlike the arrested Russian finances, many of these assets have quite material content - shares in large companies, property rights, real estate, and other quite liquid property. In the event that the West nevertheless decides to use our foreign exchange reserves to "help Ukraine", this will allow Russia to take retaliatory measures. For example, as suggested by State Duma Speaker Vyacheslav Volodin, confiscate and nationalize Western assets. Simple arithmetic shows that in this case we will even get a positive balance of $100-200 billion.

So far, the Russian leadership is not taking such drastic measures, also because it is not the first to create a precedent for the final violation of all international legal norms in the financial sector. But if the European Commission heeds the calls of Mrs. Skaiste and figure out how to take away Russian money, then, as they say, we were not the first to start it ... In such a situation, Volodin's proposals will become quite feasible and absolutely justified.
Author:
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38 comments
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  1. mojohed2012
    mojohed2012 2 June 2022 13: 50
    +3
    As soon as in the US or the EU our frozen money is touched and used for their own purposes, the break in relations will be maximum.
    It will soon get worse after MLRS or HIMARS British or American hit our city.
    And then they will hit the cities of Russia with these missiles, there is not a penny of doubt.
    And after that: I don't know what Putin and our government will do. Here it is necessary to ask the price of tactical nuclear weapons or real strikes on Poland, through which the Armed Forces are supplied with weapons, or the real elimination of all, without exception, the leadership of Ukraine and the Armed Forces of Ukraine.
    Enough of Ze, Arestovich and the company to chat - it's time to talk to the ground.
    Well, Putin must finally have pride and resentment! Not helicopters and Grads will hit the cities, but the American MLRS for a long range in the hands of Ze.
    It is impossible to forgive and leave like that.
    1. credo
      credo 2 June 2022 14: 04
      0
      Quote: mojohed2012
      As soon as in the USA or the EU our frozen money is touched and used for their own purposes, the break in relations will be maximum ....

      I also read and heard about what the Author and you write, but I cannot share such unjustified confidence, because in world history there was enough "fair" taking of money that expropriators got away with.
      All these mantras about the fact that we have much more Western assets than ours and we can nationalize them, while they look like verbal threats not supported by any real deeds.
      The fact that domestic economic gurus present as a reality and causing damage to a potential enemy does not look like such a successful event due to the fact that these are just words far from real deeds.
      1. Ross xnumx
        Ross xnumx 4 June 2022 11: 32
        0
        Minister of Finance of Lithuania Gintare Skaiste complained on the radio station Žinių radijasthat there are no legal mechanisms for the use of Russian assets frozen in the West for the restoration of Ukraine.

        Yes, we have long understood that the "freebie" from Russia haunts neither the "newly minted" states, nor the Anglo-Saxons ...
        Fuck you on vegetable oil!
  2. Fisherman
    Fisherman 2 June 2022 13: 50
    +2
    According to the Treaty of Nystad, we bought Lithuania from Sweden ... come on, give it back to us, nerds!
    1. tihonmarine
      tihonmarine 2 June 2022 14: 00
      +3
      Quote: Fisherman
      Under the Treaty of Nystad, we bought Lithuania from Sweden...

      My friend was confused with Latvia.
      The Commonwealth is a state that arose as a result of the unification of the Kingdom of Poland and the Grand Duchy of Lithuania on the basis of the Union of Lublin in 1569 and liquidated in 1795 with the division of its lands between the Russian Empire, Prussia and Austria.
      1. Fisherman
        Fisherman 2 June 2022 17: 19
        +2
        sweet, I’m a dark person and I consider it all to be our lands, so to me the whole Baltic region was painted with the same color (red) and remained ... I like Riga, Vilnius, Tallinn - these are all artificial capitals of artificial type of states. ..like Ukraine. This is all the Russian Empire in its purest form, without our Empire it has all become again a village that no one needs (the people are fleeing) and economically non-states.
        1. tihonmarine
          tihonmarine 2 June 2022 17: 30
          +1
          Quote: Fisherman
          This is all the Russian Empire in its purest form, without our Empire it has all become again a village that no one needs (the people are fleeing) and economically non-states.

          Well, with this, one cannot but agree with you, but for now we have to live according to a new scheme, although this is not very pleasant.
          1. Fisherman
            Fisherman 2 June 2022 17: 36
            0
            new scheme? there is even newer (from the old one): the Russian-speaking Baltics are rising and we are entering ... don’t care about Article 5, everyone has long known that no one will fit into the Baltics, they’ll just chime in ... but first we’ll finish here!
            1. tihonmarine
              tihonmarine 2 June 2022 18: 50
              0
              Quote: Fisherman
              new scheme?

              It began on August 20, 1991, and we live according to it, but before we lived in the state.
            2. Zoldat_A
              Zoldat_A 3 June 2022 02: 27
              0
              Quote: Fisherman
              spit on Article 5, everyone has long known that no one will fit into the Baltic States, they will only chime ...

              Should we get used to their gundezh? But the whole world, and the young NATO members and aspirants - in the first place - will see what this 5th article, on which they pray, is worth.
              The NATO charter was written by the Americans, but they will not prescribe anything to oblige anyone to do anything.
              1. Fisherman
                Fisherman 3 June 2022 08: 39
                +2
                I agree! Quickly return the Baltic States, and in London - gasp!
    2. kor1vet1974
      kor1vet1974 2 June 2022 14: 03
      +2
      Lithuania was not redeemed, Estonia was redeemed from Sweden.
      1. isv000
        isv000 2 June 2022 14: 23
        -2
        Quote: kor1vet1974
        Lithuania was not redeemed, Estonia was redeemed from Sweden.

        Sweden ceded Livonia, Estonia, including Osel and Dago, Ingermanland, Viborg County and the southern part of Kexholm County. All these lands passed to Russia forever. The treaty is recognized by all states. Get it back!!!
        1. Fisherman
          Fisherman 2 June 2022 17: 20
          0
          Military! Leave the dispute! Everything is ours!!!
  3. sen
    sen 2 June 2022 13: 53
    0
    Minister of Finance of Lithuania: So far there are no legal mechanisms for the use of foreign exchange assets of the Russian Federation to help Ukraine

    Russia also has foreign assets, and there will be a symmetrical response.
    1. Evil 55
      Evil 55 2 June 2022 13: 57
      -3
      The fact of the matter is that YET not, but this trinity of rogue people will still come up with something .. hi
    2. isv000
      isv000 2 June 2022 14: 25
      -1
      Quote: sen
      Russia also has foreign assets, and there will be a symmetrical response.

      The legend is fresh, but hard to believe... This is not our method, they will say in the Kremlin...
  4. Alexander 3
    Alexander 3 2 June 2022 13: 54
    -2
    Some days and nights they think how to spoil Russia. The stick has two ends. They need to remember this.
  5. tihonmarine
    tihonmarine 2 June 2022 13: 57
    -2
    If this is not possible within the framework of the current international law, then Brussels should change the legislative framework, calls on the Lithuanian Minister of Finance.
    If the Lithuanians do this, it is necessary to completely stop any supplies from Russia to Lithuania, withdraw all accounts, assets of Lithuanians in Russia, close diplomatic missions and the embassy.
  6. Vasilenko Vladimir
    Vasilenko Vladimir 2 June 2022 13: 59
    -1
    We are talking, in particular, about the assets of the Russian Federation arrested by the Lithuanian authorities for 12 million dollars and 50 million euros.
    Lord, what did we keep with these poor people?!
  7. Maximus196723
    Maximus196723 2 June 2022 14: 01
    -1
    Stealing Russian money is not good, no matter how the Baltics had to return money along with the lands.
  8. Dizel200
    Dizel200 2 June 2022 14: 03
    -1
    Where are you, the minister, climbing with your snout into the Kalash row? The big guys can do without your reasoning.
  9. Emergency
    Emergency 2 June 2022 14: 04
    -1
    winked There is a finance minister, but there is no finance. Finances sing romances. bully This Lithuania is a funny farm.
  10. kor1vet1974
    kor1vet1974 2 June 2022 14: 05
    +1
    Denyuzhka, they stole it, in the sense they froze it, but they can’t dispose of it. There is no good from the stolen. They haven't thought about it yet.
    1. Emergency
      Emergency 2 June 2022 14: 15
      -3
      Piss that Shoigu will come for the fact that Siluyanov and Nabiullina profukali. bully They will also take Kadyrov for company.
      1. isv000
        isv000 2 June 2022 14: 29
        -1
        Quote: Emergency
        Piss that Shoigu will come for the fact that Siluyanov and Nabiullina profukali. bully They will also take Kadyrov for company.

        The Kyiv prosecutor's office has already summoned Kuzhugetych for questioning...
        1. Emergency
          Emergency 2 June 2022 14: 34
          -1
          what I don't think they are happy now. Shoigu did accept the invitation.
      2. DymOk_v_dYmke
        DymOk_v_dYmke 2 June 2022 15: 02
        -1
        Quote: Emergency
        Piss that Shoigu will come for the fact that Siluyanov and Nabiullina blew. Kadyrov will also be taken for company.

        It would not be bad if Shoigu and Kadyrov came for Siluanov and Nabiulina. good
  11. isv000
    isv000 2 June 2022 14: 18
    -2
    All the same, they are talking, they know that the Russians always come for their money!
  12. iouris
    iouris 2 June 2022 14: 24
    -1
    "Minister of Finance of Lithuania" is the same as "Minister of Foreign Affairs of Lithuania". Lithuania does not have its own finances and its own foreign policy. Yes, like in the BUSSR.
  13. Sergey Averchenkov
    Sergey Averchenkov 2 June 2022 14: 47
    -1
    Lithuania and the Baltic states are not even mongrels in the service of the United States, they are just a rug on which they wipe their feet.
  14. GNM
    GNM 2 June 2022 14: 47
    0
    That's precisely because they have all sorts of rogues have the right to carry their nonsense, moreover, and lead, the Grand Duchy of Lithuania has shrunk to its current size, you can’t see beyond the gaps, and Lithuania, as a normal state, too.
  15. faiver
    faiver 2 June 2022 14: 49
    -1
    So far, the Russian leadership does not take such drastic measures, also because it is not the first to create a precedent for the final violation of all international legal norms in the financial sector.
    - the precedent has already been created, the bickering can last for years, or even decades, and all this time the country's leadership will endure and wait? What does this say? A natural question arises - is it our elite? Or someone else's? After all, the country cannot use frozen foreign assets, but foreign owners of assets in the Russian Federation can use them....
  16. DymOk_v_dYmke
    DymOk_v_dYmke 2 June 2022 15: 07
    -2
    The illustration is good:
    Minister of Finance of Lithuania Gintare Skaiste for recounting the stolen money.
    laughing
  17. Emergency
    Emergency 2 June 2022 15: 29
    -1
    The Balts seem to have decided to "fight" in the VO. Or are they banders? laughing
  18. APASUS
    APASUS 2 June 2022 16: 11
    -1
    Then you are tormented by making excuses. If it is so easy to withdraw other people's euros and dollars, then who will keep their stash in them!?
    So stupid, no one destroyed their financial system
  19. MaxKruh
    MaxKruh 2 June 2022 17: 08
    0
    These Tribal parasites need to be reassured somehow so that they know their place and keep quiet, nonentities, there will soon be no one to live there, young people are knocking packs out of this hopeless viper.
  20. skeptic
    skeptic 4 June 2022 11: 33
    0
    while there are no legal mechanisms for the use of Russian assets frozen in the West

    What did they remember about some laws?
    Freeze the assets of states, companies, individuals, and all Russians by law?