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Europe News: On Wednesday, European Commission President Ursula von der Leyen urged for proceeds from Russian assets frozen in the West to be used to purchase mili ....
Group of Seven countries have been studying a possible seizure of the assets as a way to have Russia pay for the damage its invasion caused in Ukraine. | World News ....
US President Biden has raised the issue of using revenues from Russia s frozen assets for Ukraine s reconstruction at the G7 virtual summit, but the EU is undecided about the possible confiscation, Corriere della Sera reported. ....
Moscow has repeatedly warned that any attempt to confiscate its frozen assets constitutes an expropriation of property and violates international law. ....
Moscow will act symmetrically if the West confiscates the Russian assets it has frozen, the director of the Department of Economic Cooperation at the Russian Foreign Ministry, Dmitry Birichevsky, told Sputnik, adding that the amount of Western funds frozen in Russia that could be affected by retaliatory measures is significant. ....