Russian and EU flagsMOSCOW, Mar 22The West intends to transfer the frozen Russian assets to Ukraine, in order to prevent this, it is necessary to challenge every decision and arrest, create precedents, Yaroslav Bogdanov, chairman of the Fund for the Protection of Investor Rights in Foreign States, believes. To do this, it will be necessary to fully resolve the situation in Ukraine, taking into account the positions of all three parties, including the EU countries.In addition, there is an acute question — who will compensate for the damage caused during the special operation, and the West, unfortunately, has intentions to transfer the frozen assets to Ukraine,» the RIA Novosti expert said. Western countries imposed new sanctions after Russia launched a special operation to demilitarize Ukraine. In particular, about 300 billion dollars of Russia's gold and foreign exchange reserves were frozen — according to the Ministry of Finance, this is almost half of them. Foreign assets of large businesses, accounts and real estate of individuals were also subject to restrictions. «For the Bank of Russia, the freezing of its assets means limiting the ability to use resources to conduct foreign exchange interventions in support of the ruble and to repay external debt obligations. The Central Bank now faces a titanic legal and political work to protection of the right to dispose of one's assets, and Mrs. (head of the Central Bank Elvira — ed.) Nabiullina, under whom this situation became possible in principle, was left in her post, including to carry out «work on the mistakes,» the expert believes. In Russia, Vladimir Putin on Friday submitted to the State Duma the candidacy of the current head of the Central Bank, Elvira Nabiullina, to be reappointed to this position, since her term of office expires in June. In order not to lose money, Russia must actively respond to every decision on Russian assets abroad, warns Bogdanov. «It is necessary to promptly file claims in foreign and international international courts, challenge every decision and arrest, create precedents — the Central Bank has more than enough resources and experience for such actions,» he stressed. >Kremlin warned about the consequences of the seizure of Russian property abroad
