Too early to discuss unblocking foreign funds in Russia, finance ministry says

Business and FinanceBusiness and Finance

Thu, March 13, 2025

[ Today @ 03:25 PM ] - BBC

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Too early to discuss unblocking foreign funds in Russia, finance ministry says

^{Published on 2025-03-13 10:20:52 - Reuters}

Moscow is unwilling for now to discuss the unblocking of foreigners' funds in Russia while its own sovereign and private assets remain frozen overseas, Deputy Finance Minister Ivan Chebeskov said on Thursday.

The Russian Finance Ministry stated on March 13, 2025, that it is premature to discuss the unblocking of foreign assets held in Russia, which were frozen due to Western sanctions following Russia's actions in Ukraine. The ministry emphasized that any decision regarding these assets would depend on the lifting of sanctions by Western countries. This statement comes in the context of ongoing geopolitical tensions and economic measures between Russia and Western nations, with no immediate resolution in sight for the release of these funds.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/europe/too-early-discuss-unblocking-foreign-funds-russia-finance-ministry-says-2025-03-13/ ]