Russia Warns of Serious Response to EU Actions on Frozen Assets
Quick Look
Russian Deputy Foreign Minister Alexander Grushko stated that Russia has the political will and resources to deliver a serious response to the European Union's plans to move Russian frozen assets out of Belgian jurisdiction, warning of serious consequences for the EU and its financial system and damage to the EU's reputation.
AI-generated summary
Why It Matters
The European Union has been considering moving Russian sovereign assets frozen in Belgium out of Belgian jurisdiction to enable their use for Ukraine reconstruction, a move Russia opposes as illegal seizure.
VLADIVOSTOK, September 3. /TASS/. Russia has both the will and the resources to mount a serious response to the European Union's actions involving its frozen assets, Russian Deputy Foreign Minister Alexander Grushko warned.
"We are closely monitoring the situation. And the European Union should understand that we have both the political will and the resources to deliver a response that will have serious consequences for the European Union and its financial system," the diplomat told reporters, responding to a TASS request to comment on EU plans to move Russian assets out of Belgian jurisdiction so they could be used without regard to Brussels’ position.
Grushko said such actions would also undermine the EU's reputation. "Any steps to illegally seize assets will undermine the European Union's reputation as a player seeking to play a significant role in global financial markets. Its attractiveness in this regard will be seriously undermined, if not destroyed," the deputy minister said.
What to Watch
AI outlook — possibilities, not facts
Russia will implement countermeasures if the EU proceeds with moving Russian frozen assets out of Belgian jurisdiction.
Likely · Within weeks
Open Questions
- What specific form will Russia's response take?
- When might the EU proceed with moving the assets?
- How will other countries react to potential countermeasures by Russia?
