Moscow Threatens Asset Seizures if EU Touches Frozen Russian Funds To Help Ukraine

By echonewshub 2 Min Read

In a recent development, Moscow has issued a warning that it may seize assets of European Union (EU) states if they attempt to access frozen Russian funds for financing Ukraine’s reconstruction. This statement came from a prominent ally of President Vladimir Putin.

Ursula von der Leyen, the President of the European Commission, had announced plans to use some of the gains from frozen Russian state assets to support Ukraine and its recovery efforts.

Vyacheslav Volodin, the Chairman of the State Duma, the lower house of Russia’s parliament, voiced Moscow’s intention to respond decisively if the EU proceeds with any actions against Russian assets, many of which are located in Belgium.

Volodin, known for his close ties to Putin, expressed his concerns on the Telegram messaging app, stating that certain European politicians, including Ursula von der Leyen, were considering taking Russia’s frozen funds to finance Kyiv’s militarization.

He emphasized that such a move would trigger a proportional response from Russia, leading to the seizure of more assets from unfriendly countries than Russia’s frozen funds in Europe.

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Ursula von der Leyen mentioned that the total value of frozen Russian state assets amounts to 211 billion euros ($223.15 billion) and reaffirmed the EU’s stance that Russia should contribute to Ukraine’s reconstruction efforts.

Volodin criticized EU politicians, accusing them of considering this action due to financial difficulties and their desire to retain their positions.

This development adds to the growing tensions between Russia and the EU, with the threat of asset seizures further escalating the situation.

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