Moscow - Brussels: Europe and the Arabs
Russian Kremlin presidential spokesman Dmitry Peskov said that the refusal of the Belgian authorities to recognize the exchange of frozen assets for Russian and foreign investors; It will hinder the exchange process, but work is underway to resolve the issue. According to the publication of the Youm 7 website in Cairo, citing the Middle East News Agency
The Belgian Ministry of Finance had announced that it would not recognize the exchange of “frozen assets”, in accordance with Decree No. 844 issued by the President of the Russian Federation, Vladimir Putin.
When asked whether such decisions could derail the process, Peskov said: “It is clear that they will not facilitate at least the exchange of assets. These are difficulties on the way to implementing this plan, but we will continue our work.” According to what was reported by the Russian TASS news agency on Saturday.
The European Union, Canada, the United States and Japan froze Russian assets worth a total of about $300 billion. There are approximately $5 to $6 billion of assets in the United States, while the bulk of the funds are held by European depositories, especially the Belgium-based international platform Euroclear.
Earlier, Russian President Vladimir Putin signed a decree “On additional temporary measures of an economic nature related to trading in foreign stocks” for the purpose of exchanging frozen foreign assets. The decree determines the procedure for the sale of foreign securities held by Russian and foreign citizens, including unfriendly countries, at the expense of funds already frozen with these foreigners in type “C” accounts.