In a statement, the Foreign Ministry assured that Damascus considers that this reckless attitude of seizing sovereign assets of independent countries will have devastating consequences on the world financial system.

Taking such measures means that Western countries are finally abandoning respect for property rights and the principle of state immunity, the Foreign Ministry statement stressed.

It regretted the implementation of such policies that only lead to a lack of trust and exacerbation of problems.

In 2022, the European Union, the United States, Japan and Canada froze some $300 billion in assets of the Russian Central Bank in response to the Russian special military operation in Ukraine.

Leaders of several Western countries repeatedly expressed their desire to confiscate the frozen Russian assets and use them to finance Kiev’s needs, and after a year of discussions and risk assessments, the G7 leaders agreed to give Ukraine $50 billion before the end of the year.

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