Russia plans to take legal steps to recover $300bn of its foreign currency reserves frozen by western governments in a bid to overturn one of the most painful measures imposed on Moscow in response to its invasion of Ukraine.
The pledge to mount a legal challenge against the measure was announced by the head of Russia’s central bank without any details or timeframe.
“Of course, this is an unprecedented freeze, so we will be preparing lawsuits, and we are preparing to apply them, as this is unprecedented on a global scale,” Elvira Nabiullina was quoted as saying by Interfax on Tuesday.
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