Russia preparing legal battle over frozen reserves ...News

Economy by : (Russia Today) -
Discussions about outright seizure of Moscow’s withheld assets have recently become more frequent in Western capitals Russia is preparing to mount a legal battle to prevent its reserves frozen in the West from being seized, Bloomberg News reported on Friday. An estimated $300 billion worth of Russian assets were frozen last March as part of Ukraine-related sanctions. While Russian officials reportedly believe the risk of outright seizure is low, the Bank of Russia is working on an agreement to retain international law firms to represent the country in case the battle ends up in court, according to the outlet. West

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