Thursday 1 December 2022

Moscow Will Retaliate if EU Confiscates Russian Assets, Foreign Ministry Says

Moscow Will Retaliate if EU Confiscates Russian Assets, Foreign Ministry Says

Moscow Will Retaliate if EU Confiscates Russian Assets, Foreign Ministry Says








Moscow will take "adequate measures" if the EU confiscates Russian state and private assets, Foreign Ministry spokeswoman Maria Zakharova said on Wednesday, as the bloc's chief proposed a plan to compensate Ukraine for its reconstruction.







"We once again warn that if it comes to the real confiscation of the property of the Russian Federation and Russian citizens, enterprises, state reserves of our country, then adequate measures will inevitably follow from the Russian side," Zakharova told a press briefing in Moscow.


Earlier on Wednesday, Ursula von der Leyen, the head of the European Commission, said the EU and its partners "will make sure that Russia pays for the devastation it caused, with the frozen funds of oligarchs and assets of its central bank."


Von der Leyen said the bloc has already blocked €300 billion of the Russian Central Bank reserves and has frozen €19 billion of Russian oligarch's money.


She said the funds should be used as "full compensation to Ukraine" for damage caused by Russia's "special military operation" that started in February.







"We will work on an international agreement with our partners to make this possible," she said.



Zakharova called the decision of the EU Council to recognize the circumvention of sanctions a crime as legal arbitrariness



The official representative of the Russian Foreign Ministry, Maria Zakharova, expressed confidence that the decision of the Council of the European Union to recognize the circumvention of sanctions as a criminal offense is a legal arbitrariness.


“We are dealing with double legal arbitrariness.







This is all from the category of pseudo-legal exercises, ”she said during the briefing.


Zakharova stressed that the implementation of this initiative will lead to the end of the EU's reputation as a reliable jurisdiction for doing business.


On November 28, the Council of the European Union included sanctions circumvention in the list of criminal offences.


Turkey previously noted that anti-Russian sanctions imposed because of the situation in Ukraine will be considered legitimate only if the decision on them is made under the auspices of the UN.


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