An immediate mirror response will follow any attempts to confiscate funds, Kremlin spokesman Dmitry Peskov has said
The seizure of Russian assets by Western countries would be “illegal” and “extremely dangerous” for the global finance system, Kremlin spokesman Dmitry Peskov warned on Friday.
The US and EU are reportedly considering using Russian assets frozen in the West to rebuild Ukraine, or even fund Kiev’s ongoing military efforts. According to the New York Times, the administration of US President Joe Biden is said to have made the latest proposal to do so as the White House struggles to greenlight a new $60 billion aid package for Ukraine.
An estimated €260 billion ($285 billion) in Russian central bank assets was immobilized in G7 countries, the EU, and Australia following the launch of Moscow’s offensive in Ukraine in February 2022, with most of the reserves being held in Europe.
Speaking to journalists on Friday, Peskov noted that the issue of confiscating the frozen funds continued to be raised in both Europe and the US.
“This topic is, first of all, unacceptable,” Peskov said, adding that the potential seizure of Russian assets would deal “a very serious blow to the international financial system.”
The Kremlin spokesman stressed that any country considering the move must understand that Russia would “never leave those who did this alone,” and would take wide-ranging legal steps.
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