Anastasia Gorbacheva17:48, 04/28/24

Dmitry Peskov recalled that there are many Western assets on Russian territory.

Russian officials have threatened the West with a “tough” response if frozen Russian assets are confiscated , promising “endless” legal challenges and eye-for-an-eye measures.

Russian Foreign Ministry spokeswoman Maria Zakharova said that Russia will never cede the territories of Ukraine that Moscow occupied in exchange for the return of frozen assets.

“Our Motherland is not for sale. Russian assets must remain untouched, because otherwise there will be a severe response to Western theft. Many in the West have already understood this. Alas, not everyone,” Reuters quotes Zakharova.

Kremlin spokesman Dmitry Peskov said there was still a lot of Western money in Russia that could become a target for Moscow’s retaliatory measures.

“The prospects for litigation (against the confiscation of Russian assets) will be wide open,” he said. “Russia will take advantage of this and will endlessly defend its interests.”

Frozen assets of the Russian Federation for Ukraine – main news

In response to Russia’s war against Ukraine, the United States and its allies have banned transactions with Russia’s central bank and Treasury and frozen some $300 billion of Russian assets in the West, most of which are held in European rather than American financial institutions.

The US House of Representatives approved  a bill to confiscate Russian assets  for Ukraine. It is known that under this procedure, about 8 billion dollars can be received. 

The EU has developed  a plan to use the proceeds from the frozen assets of the Russian Federation . EC Vice-President and High Representative for Foreign and Security Policy Josep Borrell said that a decision had been made to separate, identify and account for income from frozen assets – such a mechanism for seizing income from Russian assets could generate 3 billion euros a year.

(C)UNIAN 2024