FT: confiscating Russian assets will put the West at a disadvantage

If Western countries risk confiscating Russian assets, it will lead to a situation where other states will want to protect themselves from a similar scenario, the Financial Times has reported.

It is noted that countries can withdraw their own reserves from the West in case one day they will be subject to the same sanctions as Russia.

The author of the material emphasises that there are also legal obstacles.

“The European Central Bank has issued a strong warning to European politicians even against taxing EU companies that receive super profits from blocked Russian assets,” the publication says.

Earlier, Russian President Vladimir Putin said that those who misappropriate other people’s assets are not distinguished by great intelligence.