Source link : https://london-news.net/putin-claims-300-billion-frozen-assets-loss-is-acceptable-for-breaking-western-financial-hegemony/
President Vladimir Putin stated on Thursday that Russia is “prepared” to relinquish its $300 billion in frozen assets held in Western countries if it would aid in accelerating a departure from Western-centric financial systems.
Following Moscow’s full-scale invasion of Ukraine, Western nations froze about $300 billion in assets belonging to the Russian Central Bank, predominantly in Europe. The European Union intends to utilize the interest generated from these assets to finance Ukraine’s defense, a move that the Kremlin has denounced as an act of theft.
“A large portion of Russian gold and currency reserves is currently immobilized in Western banks. They keep asserting that they plan to seize our money,” Putin remarked at the Eurasian Economic Union (EEU) summit in Minsk.
He warned that the Western appropriation of these funds could initiate an “irreversible trend towards the regionalization of payment systems,” which he argued would ultimately benefit the global economy.
“I believe it is likely worth the cost,” Putin remarked, emphasizing that Moscow will persist in enhancing its own financial settlement systems in collaboration with “friendly nations.”
Reports suggest that, behind the scenes, Russia has considered using a portion of its frozen reserves to assist in reconstructing occupied regions of Ukraine and even to purchase Boeing aircraft as part of a potential peace settlement.
The G7 has declared that Russia’s assets will remain frozen…
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Publish date : 2025-06-29 14:46:00
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