"EU Faces Consequences Over Frozen Russian Assets for Ukraine"
TL;DR Summary
The Kremlin has warned of "catastrophic consequences" if the EU proceeds with plans to confiscate Russian assets held in Western banks, following EU leaders' agreement to use up to 3 billion euros a year to supply arms to Ukraine from the interest earned on frozen Russian assets. Russian officials have stated that the assets belong to their owners and have hinted at potential repercussions for banks involved in transferring money to Ukraine, while the Central Bank Governor has pledged corresponding measures to defend Russian interests in response to EU actions on frozen assets.
- Russia warns Western banks of 'catastrophic consequences' over asset confiscation Reuters
- EU leaders endorse plan to tap frozen Russian assets to arm Ukraine CNN
- European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits The Associated Press
- EU will have to seize Russian assets eventually if it wants Ukraine to win, bank chief says POLITICO Europe
- Hungary, Slovakia remain opposed to sending any arms to Ukraine to fight Russia's invasion The Associated Press
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