Cyprus Mail
RussiaUkraineWorld

Russia’s warns the West: ‘Prepare for tough retaliation if you steal our assets’

mid building 16 september 2010
File photo: Ministry of Foreign Affairs building in Moscow

Russia warned the West on Tuesday that Moscow would be very tough if the United States and European Union seized hundreds of billions of dollars worth of Russian assets.

After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia’s central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West.

The EU on Monday adopted a law to set aside windfall profits made on frozen Russian central bank assets, it said on Monday, in a first concrete step towards the bloc’s aim of using the money to finance the reconstruction of Ukraine.

“This is theft: It’s the appropriation of something that doesn’t belong to you,” Russian Foreign Ministry Spokeswoman Maria Zakharova told Sputnik radio, TASS reported.

Zakharova said the response from Moscow would be “extremely tough” as Russia felt it was essentially dealing with thieves.

“Considering that our country has qualified this as theft, the attitude will be towards thieves,” Zakharova said. “Not as political manipulators, not as overplayed technologists, but as thieves.”

Russia has said that if its property is seized then it will seize U.S., European and other assets in responses.

Follow the Cyprus Mail on Google News

Related Posts

Israel bombards Gaza, with biggest functioning hospital under siege

Reuters News Service

Jailed Russian opposition leader Navalny dead

Reuters News Service

Greece legalises same sex marriage in landmark change

Reuters News Service

Google to launch anti-misinformation campaign ahead of EU elections

Reuters News Service

Labour Party deals double blow to PM Sunak’s Conservatives

Reuters News Service

Ukraine withdraws units from parts of Avdiivka, sends in crack brigade

Reuters News Service