Russia warns Europe and takes action against anyone who touches its property

Russia responded to reports that the European Union is considering using billions of dollars in frozen Russian assets to support Ukraine.

After President Vladimir Putin sent troops into Ukraine in 2022, the US and its allies banned transactions with the Russian central bank and finance ministry and blocked $300–350 billion in state assets—mainly European, US, and British bonds held in a European securities depository.

According to Reuters, European Commission President Ursula von der Leyen wants the EU to find a new way to finance Ukraine's defense by using cash reserves from frozen Russian assets. According to Politico, the Commission is considering using Russian deposits at the ECB from maturing bonds for a “reparation loan” to Ukraine.

“If this happens, Russia will pursue EU member states, as well as the European degenerates in Brussels and individual countries that are trying to seize our property, until the end of the century,” former President Dmitry Medvedev wrote on Telegram.

Medvedev, who serves as deputy chairman of Russia's Security Council, added that Russia would take action “in all possible ways,” before all international and national courts, as well as “out of court.” Moscow insists that any seizure of its assets is theft and undermines confidence in US and European bonds and currencies.

(reuters, est)