"We are talking about 250 billion euros [$268.5 billion], we are talking about using profits from them. I do not see any decisions on this issue made [by the EU authorities] in the near future," Gentiloni said.
Sputnik previously estimated that schemes to confiscate Russian assets could result in the West incurring around $288 billion in tit-for-tat retaliation. Last year, Russian President Vladimir Putin criticized the West's seizure of assets as "unseemly business" and emphasized that "stealing the assets of others has never led to positive outcomes."