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IMF assessing consequences of possible confiscation of Russian assets

"Any decisions related to seizure of Russian assets or to impose taxes on the interest holdings of these assets are for the relevant country authorities to take," IMF Spokesperson Julie Kozack said

WASHINGTON, January 11. /TASS/. The International Monetary Fund (IMF) is assessing potential implications of the possible confiscation of Russian assets frozen in the West for the global financial systems, IMF Spokesperson Julie Kozack said at a regular briefing for reporters.

"I should say that any decisions related to seizure of Russian assets or to impose taxes on the interest holdings of these assets are for the relevant country authorities to take. From the IMF perspective, we are following the ongoing discussions and the focus of the IMF on such issues is to assess the implications on potential economic implications on any of our member countries, or implications on the international monetary system," the IMF Spokesperson said.

"Any assessment that we would make would depend, of course, on the precise details of any actions that are taken," she added.

The confiscation and the freeze of Russian assets by the West would have, as a precedent, negative implications on the whole for development of the global financial system, Governor of the Bank of Russia Elvira Nabiullina said earlier.

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