Moscow says to use all legal means against asset profit transfer to Ukraine-Xinhua

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

Source: Xinhua

Editor: huaxia

2024-03-21 22:58:30

MOSCOW, March 21 (Xinhua) -- 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 Thursday.

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

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.

Borrell suggested using 90 percent 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 roughly 300 billion U.S. dollars.