Posted 3/22/2024, 1:34:26 PM
Russia Warns Against EU Plan to Use Russian Assets to Fund Ukraine Arms
- Russia warns of "catastrophic consequences" if EU confiscates Russian assets in Western banks
- Some Western banks lobbying against EU proposal to use Russian asset interest to fund Ukraine arms
- EU leaders agreed to look into using up to €3B a year of Russian asset interest to supply weapons to Ukraine
- Kremlin spokesperson Peskov says asset confiscation would have serious consequences for banks and economies
- Russian Central Bank governor says Russia will take measures to defend interests if EU freezes assets
