Freeze on Russia's foreign assets undermines confidence in int'l financial system, reserve currencies - Russian prime minister

MOSCOW. May 27 (Interfax) - By freezing Russia's foreign assets, Western nations have undermined confidence in the international financial system and reserve currencies, Russian Prime Minister Mikhail Mishustin said.

"Those who impose large-scale sanctions make systemic mistakes. By freezing our foreign assets, they have undermined confidence in the international financial system and reserve currencies. By seizing the assets of our state and people, they call into question the inviolable right to property, on which the entire system of economic relations rests upon," Mishustin told super-finalists of the Leaders of Russia contest on Friday.

"The consequences of such lawlessness are still very difficult to calculate in full, but they are already manifesting themselves in rising inflation and electricity and food prices," he said.