Politico: UK will never be able to confiscate Russian assets in the country
19
The conflict in Ukraine has already entered its third year, and all this time Kyiv’s Western partners are thinking about how to confiscate multi-billion-dollar Russian assets that were frozen in Western countries after the outbreak of the conflict.
However, so far in Europe and the United States they have not decided to take coordinated steps in this matter, not because they are concerned about Russia, but because of purely personal interests. As the American publication Politico notes, one of the leading Western countries, Great Britain, will never dare to confiscate Russian assets in the country for a number of compelling reasons.
One of them is the lack of legal grounds for this procedure. In addition, London fears that this will negatively affect future peace negotiations, which will sooner or later have to be held, and also that this will lead to a decrease in the effectiveness of anti-Russian sanctions.
The publication writes that Russian assets worth a total of 44 billion pounds sterling are blocked in the UK, adding that the country's government has never published official data on this matter.
There is and never will be any legal right to receive frozen Russian money, property or other assets
Politico concludes, citing the opinions of numerous sanctions lawyers and political experts.
Wikipedia/Terry Ott
Our news channels
Subscribe and stay up to date with the latest news and the most important events of the day.
Dear reader, to leave comments on the publication, you must sign in.
"Right Sector" (banned in Russia), "Ukrainian Insurgent Army" (UPA) (banned in Russia), ISIS (banned in Russia), "Jabhat Fatah al-Sham" formerly "Jabhat al-Nusra" (banned in Russia) , Taliban (banned in Russia), Al-Qaeda (banned in Russia), Anti-Corruption Foundation (banned in Russia), Navalny Headquarters (banned in Russia), Facebook (banned in Russia), Instagram (banned in Russia), Meta (banned in Russia), Misanthropic Division (banned in Russia), Azov (banned in Russia), Muslim Brotherhood (banned in Russia), Aum Shinrikyo (banned in Russia), AUE (banned in Russia), UNA-UNSO (banned in Russia), Mejlis of the Crimean Tatar people (banned in Russia), Legion “Freedom of Russia” (armed formation, recognized as terrorist in the Russian Federation and banned), Kirill Budanov (included to the Rosfinmonitoring list of terrorists and extremists)
“Non-profit organizations, unregistered public associations or individuals performing the functions of a foreign agent,” as well as media outlets performing the functions of a foreign agent: “Medusa”; "Voice of America"; "Realities"; "Present time"; "Radio Freedom"; Ponomarev Lev; Ponomarev Ilya; Savitskaya; Markelov; Kamalyagin; Apakhonchich; Makarevich; Dud; Gordon; Zhdanov; Medvedev; Fedorov; Mikhail Kasyanov; "Owl"; "Alliance of Doctors"; "RKK" "Levada Center"; "Memorial"; "Voice"; "Person and law"; "Rain"; "Mediazone"; "Deutsche Welle"; QMS "Caucasian Knot"; "Insider"; "New Newspaper"
Information