Collective Western decision to freeze Russian international assets actually defaulted to Moscow and drew a line under the reliability of their currencies, Russian President Vladimir Putin said at a meeting with the government, TASS reported.

According to him, over the last few weeks, a number of Western countries have taken illegitimate decisions on the so-called freezing of Russian assets, and this collective West has actually drawn a line under the reliability of their currencies.

Putin noted that both the United States of America and the EU had declared a real default on their obligations to Russia. "And now everyone in the world knows that obligations in dollars and euros may not be fulfilled," Putin said.