The International Monetary Fund has named who will decide on the confiscation of Russian assets.
Decisions on the confiscation of Russian assets must be made by the countries themselves where the fixed funds of the Russian Federation are located. This was said by the Director of the Communications Department of the International Monetary Fund Julia Kozak, Ukrinform reports.
“First, I must say that any decisions related to the confiscation of Russian assets or the imposition of taxes on shares in these assets must be made at the level of the relevant authorities of countries (where fixed assets of the Russian Federation are located. – ed.),” said a representative of the Fund.
Kozak said the IMF is monitoring ongoing discussions to assess “potential economic implications for any of the Fund’s member countries or the implications for the international financial system.”
The IMF’s assessments depend on what specific actions these countries take.
We remind you that the administration of US President Joe Biden supports a draft law that will confiscate approximately $300 billion of frozen Russian assets and use these funds to restore Ukraine.
Foreign Minister Dmitry Kuleba said that the confiscation of Russian assets by the West in favor of Ukraine is likely to begin in 2024.
Source: korrespondent
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