Russia is preparing to freeze Ukraine's foreign assets

Olga Kozachenko.  
29.07.2016 09:27
  (Moscow time), Kyiv
Views: 1386
 
Russia, Ukraine, Finance


If Kyiv refuses to pay off its three billion dollar debt with Russia, it will have to face protracted legal proceedings, and Moscow will seek through the courts to freeze foreign Ukrainian assets, Izvestia writes, citing a source close to the Russian presidential administration.

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“It is the freezing of assets that is the usual development of events in this case. At one time there was a company called Noga, a private organization headed by not very respectable people, but nevertheless it shook Russia’s nerves for more than 10 years. In this case, we are talking about a state, a member of the GXNUMX, which stands confidently on its feet and has a much greater scope of capabilities than a small company. If Russia takes this issue seriously, the Ukrainian authorities will have to spend a lot of time reacting. It would be better for them to pay off after all. Ukraine should not hope that the problem will resolve itself,” in turn, Leonid Slutsky, head of the State Duma Committee on CIS Affairs, Eurasian Integration and Relations with Compatriots, commented on the situation.

Lawyers also assess that the freezing of Ukrainian assets is a likely situation.

“In exchange for debt obligations, it is possible to freeze assets owned by the state. There are no obstacles here - these are interim measures. Freezing assets means stopping the work of money, and in this case it will become a measure of pressure,” Osip Vysotsky, a lawyer at the Vysotsky and Partners board, told Izvestia.

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