City
Epaper

Moscow to use all legal means against asset profit transfer to Ukraine

By IANS | Updated: March 22, 2024 06:45 IST

Moscow, March 22 Russia will use all available legal mechanisms and will retaliate if the EU moves forward ...

Open in App

Moscow, March 22 Russia will use all available legal mechanisms and will retaliate if the EU moves forward with plans to use profits from frozen Russian assets to arm Ukraine, Kremlin Spokesman Dmitry Peskov said.

"We will use all possible judicial mechanisms, those that are available now and those that will become available in the future," Peskov added on Thursday.

His statement follows a proposal made by EU foreign policy chief Josep Borrell on Tuesday to use revenues from Russia's frozen assets to provide military assistance to Ukraine, Xinhua news agency reported.

Borrell suggested using 90 per cent of the profits generated from Russian assets to supply Ukraine with arms via the European Peace Facility.

"On the basis of reciprocity, we will not deliver a mirror response but will choose other response measures that will correspond to our own interests," Peskov said.

Western countries have imposed sanctions on Russia since February 2022, freezing sovereign and private assets.

Russia's currency reserves were frozen to the amount of nearly $300 billion.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

FootballMasters of assist: Top chance creators in ISL 2024-25

NationalUnion Cabinet to meet today following success of 'Operation Sindoor', India-Pak ceasefire

BusinessRising gold prices and global tariff tensions poised to push CPI higher in upcoming months: Report

MaharashtraMaharashtra Rain Forecast: IMD Issues Yellow Alert for Pune, Thane, Raigad and Several Other Districts

FootballDiego Mauricio bids farewell to Odisha FC after four memorable seasons

International Realted Stories

InternationalNorth Korea's Kim supervises special operations' drills, urges full preparations for war

InternationalTurkish President meets NATO chief, reiterates support for Russia-Ukraine ceasefire

InternationalIslamic Jihad launches rockets at Israel in response to Gaza hospital strikes

InternationalTaiwan MND detects 35 sorties of Chinese aircraft, 8 naval vessels in its territory

InternationalUkraine notifies US of finalising natural resources deal