Russia's Central Bank is pressing ahead with getting back the Russian assets, including gold and foreign exchanges reserves, frozen by the West, its governor Elvira Nabiullina said in Moscow on Saturday.
But Nabiullina refused to disclose the details.
After the Russia-Ukraine war broke out in February 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around 300 billion U.S. dollars of sovereign Russian assets in the West.
In June 2024, the Group of Seven (G7) and European Union leaders agreed to provide loans to Ukraine using the proceeds from Russia's frozen assets as a collateral.
On Oct 25, the G7 finalized a plan to give Ukraine a 50-billion-U.S. dollar loan from the frozen Russian assets.