"It seems to me that the statements declaring their intentions to use seized assets to fund the Ukraine regime are more for propaganda purposes than for real economic effect. They make these announcements from time to time to try to humiliate Russia and show Russia who's boss, or so they think," Black told Sputnik, adding that such moves were aimed at harming Russian prestige.
"Assets can only be seized normally if a debt is owed and the creditor goes to court to get compensation and a court orders certain assets to be handed over to satisfy the debt, but no debts were involved. The NATO governments have just stolen these assets ignoring all legalities," he said.
"[T]hey cannot be sure that they will really own anything at the end of the process,” he explained. “Others may have claims to the assets as well. For example monies seized from Russian oligarchs or businessmen from banks located in NATO countries may be involved in other disputes with others, or the banks themselves may be reluctant to hand over the funds when they make interest on them so long as they remain in their accounts."
"Lastly, even if those assets can be liquified into cash, there remains the problem of transferring those funds to Ukraine. If the USA, for example, uses the normal banking system the banks involved can be accused of money laundering which is both illegal and if known to the public will harm their reputation and business."