This is the second time Mr. Lavrov has made a statement on the issue of Russia’s reserves being blocked abroad in recent times. “You could even call this theft that they don’t even try to hide,” Lavrov told reporters during a visit to Algeria.
This statement is in response to Josep Borrell’s proposal on May 9 that the EU might consider confiscating Russia’s foreign currency reserves, which are frozen abroad, to serve the reconstruction of Ukraine after the war ends. .
American and European officials have openly discussed what to do with some $300 billion of frozen Russian assets stuck abroad since Moscow launched a military operation in Ukraine late in last February.
Last week, Russian Foreign Minister Sergei Lavrov accused the West of “stealing” $300 billion to “punish” Russia for its military activity. He added that if Russia continues to maintain the status quo of no-rouble gas trading with Europe, Western countries can easily “pocket” Russia.
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