Russia warns that seizure of frozen assets would be a blow to the Western economic system

Sputnik – Confiscating Russian assets would be a nail in the coffin of the entire Western economic system, said Kremlin spokesman Dmitry Peskov.

“If this happens, if such a dangerous precedent is created, it will be a very strong nail in the future coffin of the entire Western economic coordinate system,” Peskov said in an interview with Russian journalist Pavel Zarubin.

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The Kremlin spokesman also stated that foreign investors and countries around the world will reconsider investing their money in the West if it goes ahead with the asset seizure, sanctioned by the US Congress this week.

“It is clear that foreign investors, foreign states that keep their reserves in assets of these countries, from now on will think ten times before investing their money,” Peskov said. “Reliability disappears overnight, due to a thoughtless decision. It is only restored [depois] decades, or even longer.”

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The spokesman said it would soon become known about Russia’s response in the event the West seized Russian assets, but noted that there were also Western properties in Russia.

“It’s premature to talk about this,” Peskov said. “Of course there is Western money here. We have Western money of various structures. Now is not the time to specify.”

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However, he stressed that in the event of seizure of frozen Russian assets in the West, Russia would take legal and other steps.

“Of course, such decisions will have very broad judicial perspectives. And, of course, Russia will utilize these judicial perspectives and will unceasingly defend its interests in this field,” Peskov said.

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‘Panic is rising in Kiev’ – Commenting on the conflict in Ukraine, Peskov said panic is growing in Kiev as Russian forces continue to advance.

“On the front on the Ukrainian side, panic is growing,” the spokesman said, adding that it is important that Russia does not interrupt the special military operation.

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Friends and relatives of fighters in the operation share news about the Ukrainian Army’s low morale, he added.

“This is first-hand information. Panic is growing on the other side. Now it is very important for us to maintain this momentum. It is very important not to stop and continue on the path of implementation,” Peskov said.

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At the same time, “enemies” will certainly test Russia “for weakness” and the most important thing is never to show it, Peskov added.

Russia launched its special military operation in Ukraine in February 2022. Russian President Vladimir Putin said the aim of the operation was to protect people who were subjected to Kiev’s “genocide” for eight years, adding that Moscow was left with no other choose not to respond to the security risks created.