US and British officials are pushing to seize Moscow’s assets immobilized in Belgium and other European countries. They are looking to secure wider Group of Seven (G7) backing for the move at talks next month.
Russian authorities privately lean towards the view that the reserves are all but lost, but are determined to mount a legal challenge and retaliate strongly, according to Reuters sources. Russia may choose to fight its case in the EU court.
“The central bank may potentially seek interim measures from the EU court aimed at keeping its assets on the frozen accounts until its action is resolved,” said Vladimir Pestrikov, Partner with RGD’s Dispute Resolution Practice.
The full version of the article in English is available on the agency’s website.
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