https://sputnikglobe.com/20231228/germany-france-italy-eu-cast-doubts-on-us-idea-to-confiscate-russian-assets---reports-1115848060.html
Germany, France, Italy, EU Cast Doubt on US Idea to Confiscate Russian Assets - Reports
Germany, France, Italy, EU Cast Doubt on US Idea to Confiscate Russian Assets - Reports
Sputnik International
Germany, France, Italy and the European Union have expressed reservations regarding Washington's idea to confiscate Russian assets worth $300 billion and consider it necessary to first assess the legality of the measure, the Financial Times newspaper reported on Thursday, citing sources.
2023-12-28T06:43+0000
2023-12-28T06:43+0000
2023-12-28T07:27+0000
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The United States have proposed working groups from the G7 countries to explore ways to seize $300 billion in frozen Russian assets. With the support of the UK, Japan and Canada, the US proposed to prepare options on confiscating Russian assets for a possible G7 meeting around February 24, 2024. The EU, UK and France have stressed that the money received via the confiscation would not be easily accessible and would also be insufficient to cover Ukraine's reconstruction needs. In addition, the countries noted that the confiscation of Russian assets should not occur to the detriment of providing financial support to Kiev in 2024.Russia's Stance on Asset TheftMoscow has repeatedly stressed that any attempt to confiscate Russian frozen assets would violate basic principles on international law and will trigger legal response from Russia."Those who are trying to initiate this, and those who will implement it, must understand that Russia will never leave those who did this alone. And it will constantly exercise its right to a legal battle, internationally, nationally or otherwise. And this, of course, will have — both Europeans and Americans understand this very well — it will have legal consequences for those who initiated and implemented it," Kremlin spokesman Dmitry Peskov said commenting on the issue.Last year, Russian President Vladimir Putin dubbed the West’s asset seizure an “unseemly business,” and stressed that “stealing other people’s assets has never brought anyone good.”
https://sputnikglobe.com/20231216/g7-takes-another-step-toward-global-pariah-status-with-russian-asset-theft-scheme-1115625780.html
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asset theft, frozen russian assets, russian asset ukraine
asset theft, frozen russian assets, russian asset ukraine
Germany, France, Italy, EU Cast Doubt on US Idea to Confiscate Russian Assets - Reports
06:43 GMT 28.12.2023 (Updated: 07:27 GMT 28.12.2023) MOSCOW (Sputnik) - Germany, France, Italy and the European Union have expressed reservations regarding Washington's idea to confiscate Russian assets worth $300 billion and consider it necessary to first assess the legality of the measure, the Financial Times newspaper reported on Thursday, citing sources.
The United States have proposed working groups from the G7 countries to explore ways to seize $300 billion in frozen Russian assets. With the support of the UK, Japan and Canada, the US proposed to prepare options on confiscating Russian assets for a possible G7 meeting around February 24, 2024.
The EU, UK and France have stressed that the money received via the confiscation would not be easily accessible and would also be insufficient to cover Ukraine's reconstruction needs. In addition, the countries noted that the confiscation of Russian assets should not occur to the detriment of providing financial support to Kiev in 2024.
16 December 2023, 15:30 GMT
Russia's Stance on Asset Theft
Moscow has repeatedly stressed that any attempt to confiscate Russian frozen assets would violate basic principles on international law and will trigger legal response from Russia.
"Those who are trying to initiate this, and those who will implement it, must understand that Russia will never leave those who did this alone. And it will constantly exercise its right to a legal battle, internationally, nationally or otherwise. And this, of course, will have — both Europeans and Americans understand this very well — it will have legal consequences for those who initiated and implemented it," Kremlin spokesman
Dmitry Peskov said commenting on the issue.
Last year, Russian President Vladimir Putin
dubbed the West’s asset seizure an “unseemly business,” and stressed that “stealing other people’s assets has never brought anyone good.”
