Politico: EU is afraid of revenge from Russia for its frozen assets confiscation
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Economics
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Politico: EU is afraid of revenge from Russia for its frozen assets confiscation

European Union
Source:  Politico

According to Politico, more and more EU countries are afraid that Russia will start taking revenge on the bloc for the confiscation of its frozen assets.

The EU is afraid of revenge from Russia for the decision against the aggressor country

According to media insiders, the "Group of Seven" is considering a proposal to use these assets as collateral for bank loans, making it possible to finance the recovery of Ukraine.

It is important to understand that these funds will be finally seized if the aggressor country of the Russian Federation does not want to pay reparations after its defeat in the war.

According to journalists, such proposals began to appear after more and more EU countries considered retaliating against Moscow for confiscating its assets for $300 billion.

Brussels is already concerned that European assets in Russia may suffer.

In addition, there are fears that it could tarnish the eurozone's reputation, making it less attractive to investors.

How can Russia take revenge on the EU for the confiscation of its assets

Officials in Brussels suggest that Moscow may file a flurry of appeals against Euroclear, the Belgian financial depository that holds the vast majority of Russian reserves in Europe.

According to one of the insiders of the publication, Russian companies have already filed 94 lawsuits in Russia demanding the return of funds to the company Euroclear, which operates under Belgian law, after their investments and profits in Europe were frozen.

The Kremlin has also repeatedly threatened the European Union.

According to the Kremlin spokesman, Dmitry Peskov, Moscow will consider such actions "theft that violates international law."

This will be a significant blow to the main parameters of the international economy, which are undermining the global economy. This will undermine other countries' confidence in the United States and the EU as economic guarantors. Therefore, such actions are fraught with very, very serious consequences.

Dmitry Peskov

Dmitry Peskov

Spokesman of the President of the Russian Federation

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