“If earlier the West spoke very cautiously about the possibility of using these assets, now we hear the statements of the G7 that these assets will remain immobilized. This is a ‘break in the position of the West’, and we consider the $50B loan as the first step to access the bodies of ‘immobilized assets,” stated the head of the NBU, Andriy Pyshnyi.
According to him, this path will be neither simple nor quick, but there have been positive developments in this direction. The NBU head specified that the proposed $50B loan was included in the IMF’s base scenario during the fifth review of its cooperation program with Ukraine.
“The IMF considers these funds as a permanent source of financing budgetary needs,” Pyshnyi emphasized.
The other day, the Financial Intelligence Service of Latvia announced the freezing of assets belonging to 147 people who are subject to sanctions targeting the Russian Federation and Belarus. Among other things, €53.3M in bank accounts and shares were frozen, and the total value of these assets exceeds €80M.