Bloomberg reports, citing financial industry sources, that some British banks and lawyers have warned authorities that large seizures could undermine London's reputation as an international financial center and raise questions about the rule of law in the country.

The agency’s interlocutors noted that the banks want to insure themselves in case of a response from Russia, including by developing “a form of legal protection or compensation mechanism” against actions that Moscow might take.

Earlier, the head of the International Monetary Fund's communications department, Julie Kozak, warned about the risks of confiscation of Russian assets.

The Russian leader's press secretary, Dmitry Peskov, noted that the seizure of Russian assets by other countries is illegal and fraught with serious harmful consequences.

Deputy Foreign Minister of Russia Sergei Ryabkov said that the confiscation of Russian assets risks leading to a breakdown in relations with the United States.