Russia will use proceeds from frozen Western assets — Siluanov

In response to the unfriendly actions of Western countries, Russia will use the proceeds from the frozen assets of Western investors. This was stated in an interview with Nail Asker-zade in the program "Vesti" on the TV channel "Russia-1" by the Minister of Finance of the Russian Federation Anton Siluanov.

"We do exactly the same. If Western countries have decided to use our assets and revenues from our assets, the Russian side is absolutely implementing adequate actions. Therefore, we also have frozen the resources of Western investors and Western financial market participants, companies. The proceeds from these assets will be used in the same way as the actions of those countries that have frozen our gold and foreign exchange reserves and use the proceeds from the placement of these reserves. The same adequate response from the Russian Federation followed," Siluanov said, quoted by TASS.

According to him, retaliatory measures will be implemented after information about unfriendly actions of Western countries.

As reported by EADaily, funds in type C accounts are not a reliable source of investment in the Russian stock market. This was stated at a press conference by the head of the Central Bank of the Russian Federation Elvira Nabiullina.

"The introduction of such accounts was a response to the freezing of assets of both the Central Bank and individuals, and therefore, in my opinion, it should be maintained in this form. And at the expense of this resource it is impossible to create some reliable source for investment," she said.