The Western countries' move to freeze more than $300 billion in Russian assets has become the "largest theft in history," International Monetary Fund (IMF) Executive Director for Russia Aleksei Mozhin told Sputnik.
"Our reserves were stolen and this is the largest theft in history," Mozhin said.
Iran, Venezuela and Afghanistan also faced similar actions by the collective West, however, there has never been a theft of $300 billion before, he said.
Mozhin pointed out that the entire world is monitoring the situation, which represents an unambiguous signal that anybody else could be treated in exactly the same way.
The collective West is now proposing to issue bonds for 30 years, secured by the stolen Russian assets, and allegedly provide funds to Ukraine on the earned income from them, Mozhin said.
"They propose that assets not be returned to Russia for 30 years and that income from them should be appropriated," Mozhin added.