The IMF is assessing the impact of the confiscation of Russian assets on the international financial system, and Russia is preparing its case for the courts.

The top manager of the IMF, Julia Kozak, noted that the fund believes that decisions on the confiscation of Russian assets should be made by the countries where the frozen funds of the Russian Federation are placed, and is following current discussions to assess the possible impact of these decisions on the international financial system.

In response, the Russian Federation is actively preparing to challenge any steps taken by Western countries to confiscate the frozen assets of its central bank, estimated at $300B, in favor of Ukraine. The Russian Central Bank is preparing to conclude agreements with international law firms representing Russia’s interests in the event of legal proceedings. Moscow also ordered expert opinions providing analysis of relevant legislation abroad and precedents in other countries.

Bloomberg sources are convinced that lawsuits will block any transfer of these assets to Ukraine, even if the Russian Federation cannot regain control over them.