Russia has difficulty in the legal battle to regain foreign currency reserves
Governor of the Central Bank of Russia Elvira Nabiullina – Photo: REUTERS
News Agency TASS “This is unprecedented on a global scale for the foreign currency reserves of such a large country to be frozen,” Nabiullina was quoted as saying by Russia’s Nabiullina.
Seeking advice from lawyers on this lawsuit, News Agency TASS record:
According to lawyer Igor Dubov of the law firm Iontsev, Lyakhovsky and Partners, the filing of the lawsuits will most likely be filed at the locations of agencies in the EU, the US… Russian reserves, .
Lawyer Igor Dubov also did not rule out possible lawsuits in Russia. However, Russian court decisions will not be enforced abroad.
Long experience has shown that if money is frozen in the United States, it is necessary to use the judicial system of that country. However, no one has yet succeeded, said lawyer Sergey Glandin of Pen & Paper Law Firm in Moscow.
According to Lawyer Alexander Pavlovsky of the law firm at.Legal, the prospect of a positive outcome in this situation is extremely dim, primarily due to political issues.
Mr. Pavlovsky said that a court that is fully financed and dependent on the state is unlikely to make decisions contrary to the official policy of that state.
Lawyer Igor Noskov of the law firm Bashilov, Noskov and Partners, said that Russia can invoke the historical principle of non-interference in the internal affairs of a country – one of the basic principles of the law. modern international.
This includes not being allowed to use economic measures to put pressure on a country.
Israel changes its “investment philosophy”, adding 206 billion yuan to foreign currency reserves
According to the news agency Bloombergthe Central Bank of Israel made the biggest changes to the allocation of foreign currency reserves in more than a decade.
Israel has added the Chinese yuan along with three other currencies such as Canada, Australia, and Japan to its foreign currency reserves.
The coins were added alongside the dollar and euro, marking a shift in the Bank of Israel’s “entire investment philosophy and guidelines,” Deputy Governor Andrew Abir said in an interview. .
To accommodate the changes, the euro’s share will fall from 30% to 20% – the lowest level in a decade. While the USD will decrease from 66.5% to 61%.
By contrast, the pound’s share would almost double, to 5%. While the yuan accounts for 2% in 2022.
at Blogtuan.info – Source: tuoitre.vn – Read the original article here
