Russia's Central Bank Stands Firm Against EU Asset Proposals

Russia's central bank deems recent asset use proposals by the EU illegal, citing violations of international law and sovereign immunity principles. It warns of using all mechanisms to protect its interests, emphasizing the illegitimacy of indirect or direct asset manipulation.

In a bold statement, Russia's central bank declared the European Union's recent asset use proposals as illegal. The bank emphasized that such actions contravene international law and violate the principles of sovereign immunity.

The bank firmly warned that it maintains the right to deploy all available mechanisms to safeguard its interests. This announcement underscores the ongoing tension between Russia and the EU over asset management and international regulations.

The central bank is adamant that any unauthorized use of its assets, direct or indirect, is unlawful. This stance illustrates the complex nature of global financial relations and the importance of adherence to international legal standards.

(With inputs from agencies.)