No quick solution in sight for unblocking Russian assets abroad — Finance Minister
In late 2022, Brussels began considering a plan under which the frozen funds, while formally remaining Russian, could be temporarily invested by the European Union, and the proceeds from these investments would be used to support Ukraine
MOSCOW, April 3. /TASS/. The effort to unfreeze Russian assets overseas continues, Russian Minister of Finance Anton Siluanov said on Monday.
"Most likely, there is no quick solution," he said. "This is a difficult situation, you can’t solve it quickly. But we are working on it," Siluanov said.
Since the spring of 2022, the EU has repeatedly stated that it has frozen about $300 bln of Russia's gold and foreign exchange reserves. Last fall, the European Commission reported on the freezing of another $19 bln of "Russian oligarchs."
In late 2022, Brussels began considering a plan under which the frozen funds, while formally remaining Russian, could be temporarily invested by the European Union, and the proceeds from these investments would be used to support Ukraine.