Lavrov Says Russia Will Secure Return of Frozen Foreign Exchange Reserves

Russian Foreign Minister Sergei Lavrov said Russia intends to secure the return of its foreign exchange reserves that have been frozen by Western countries, according to Russian state news agency TASS.

Lavrov said the European Commission continues to push for the confiscation of these Russian assets, TASS reported.

Billions of dollars in Russian central bank reserves were frozen by Western governments following the start of the war in Ukraine in 2022, as part of a broader sanctions regime imposed on Moscow.

The TASS report did not provide further details on the specific mechanism through which Russia intends to secure the return of the reserves, nor on the timeline for any such action.

TASS did not specify when or where Lavrov made the remarks.