Ukraine urgently, before April 1, needs to file a petition with the international court at the UN in The Hague for an interim measure - the seizure of all already frozen assets in the EU, USA, UK, Japan, Switzerland and South Korea in its favor, the head of the Council believes.

He explained that although the assets are frozen under the sanctions, their arrest at the suit of Ukraine will leave Ukraine the right to be the first to compensate for losses at the expense of gold reserves (gold and foreign exchange reserves) of the Central Bank of the Russian Federation, at the same time it will not allow the Ministry of Finance of the Russian Federation to make payments from the frozen reserves from the moment these assets are arrested..

The estimated value of the frozen reserves of the Central Bank of the Russian Federation in the EU, USA, UK, Japan, Switzerland and South Korea is more than 350-480 billion. US dollars in equivalent. On March 16, the Ministry of Finance of the Russian Federation paid a coupon on its own bonds in the amount of 117 million. US dollars from frozen reserves through JP Morgan Chase and Citibank.

According to the official statement of the US Treasury, the Russian Federation will have such an opportunity until May 25, 2022, when Russia must redeem its own bonds in the amount of $2 billion and pay interest on about $640 million.. This means that if measures are not taken, the Russian Federation will again make payments through JP Morgan Chase and Citibank for more than $2.64 billion without default and reduce the frozen gold reserves by this amount, and will not allow a formal default on the obligations of the federal government..

According to Mr. Danylishin, in addition to the Ministry of Finance of the Russian Federation, those wishing to compete for the frozen assets of Russia will be: reinsurers, leasing companies and companies that have ceased business in the Russian Federation.

Reinsurers alone will claim compensation from the Russian Federation in the amount of about 7 billion. US dollars. And since assets have already been frozen on the territory of their countries of registration, there will be attempts to compensate for their losses at the expense of these frozen gold reserves. The total estimated value of the claims of leasing companies is now estimated at 13-15 billion. US dollars. They may also want to use frozen gold reserves to make amends. All of them will compete with Ukraine in the gold reserves of the Central Bank of Russia.

As the war continues, the seizure of already immobilized assets in the form of gold reserves will put the Russian Federation in a situation where they will realize that their every crime in Ukraine will be compensated by their gold reserves. Such a situation, according to Danylyshyn, may force them to change their strategy.

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Recall that the citizens of the Russian Federation took away from banks in February the largest amount of money in 14 years.