DAVOS, Jan 27 – A significant portion of Russian state assets, previously held in debt securities through Belgium's Euroclear, is now in cash form in correspondent banks' accounts following the redemption of those securities. This shift places the assets under the jurisdiction of many more countries, providing new opportunities for their confiscation, according to Yuliya Ziskina, senior lawyer of the Razom for Ukraine non-profit organization.

"I want to dispel a widely held myth: if Europe resisted confiscating these assets, then there's no point for other countries to act. That's false. In fact, around 90% of Russian reserves are now stored as cash in banks worldwide," Ziskina stated during a discussion at the Ukraine House in Davos during the World Economic Forum. The discussion focused on opportunities to confiscate Russian assets for Ukraine's benefit.