Tensions Rise Over Potential EU Asset Confiscation

Russia has warned of a 'painful response' if the EU confiscates Russian assets in Euroclear accounts, labeling such actions as 'theft' without legal grounds. This statement was made by Maria Zakharova, a spokeswoman for Russia's Foreign Ministry, highlighting the growing tensions between Russia and the European Union.

In a stern warning to the European Union, Russia declared that any attempt by the EU to confiscate Russian assets held in Euroclear accounts would elicit a 'painful response.' The announcement came from Maria Zakharova, spokesperson for the Russian Foreign Ministry.

Zakharova criticized the EU's intention by stating that the confiscation of these assets lacked any legal basis, equating such actions to 'theft.' Her remarks underscore the rising geopolitical tensions between the two entities.

The Russian Foreign Ministry's response reflects deepening diplomatic conflicts as the EU considers making moves against Russian financial holdings, a situation closely monitored by international stakeholders.

(With inputs from agencies.)