West's Asset Seizure: Russian Retaliation Looms

Maria Zakharova, Russian Foreign Ministry Spokeswoman, condemned Western attempts to seize income from frozen Russian assets, labeling them as criminal. She warned that this would provoke a painful response from Moscow. The Group of Seven and the European Union are considering these profits to fund a loan for Ukraine's 2025 financing.

Reuters | Moscow | Updated: 13-06-2024 19:15 IST | Created: 13-06-2024 19:15 IST
West's Asset Seizure: Russian Retaliation Looms
Maria Zakharova
  • Country:
  • Russia

Russian Foreign Ministry Spokeswoman Maria Zakharova said on Thursday that attempts by the West to take the income from frozen Russian assets was criminal and would lead to a response from Moscow that would be very painful for the European Union.

Group of Seven countries and the European Union are weighing how to use profits generated by Russian assets frozen in the West to provide Ukraine with a large loan to secure Kyiv's financing for 2025.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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