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| Moscow believes that the US is putting pressure on the EU to seize Russian assets. (Source: Loop News) |
After Moscow launched a special military operation in Ukraine in February 2022, the US and its allies banned transactions with the Russian Central Bank and Ministry of Finance , freezing about $300 billion in Russian assets in the West, mostly in Europe.
Most of these assets are bonds and deposits in Euros, USD, and Pounds.
On January 11, Bloomberg reported that the administration of US President Joe Biden supported legislation that would allow the seizure of nearly $300 billion in frozen Russian assets to pay for the reconstruction of Ukraine.
In this situation, Ms. Zakharova issued the above warning, at the same time accusing the US of trying to create a "legal cover" to take Russian sovereign assets, a move that Moscow has repeatedly warned would violate international law and weaken the global financial system.
In addition, the Russian Foreign Ministry spokesman also said that Washington is trying to pressure the European Union (EU) to sign a similar asset confiscation plan.
Previously, Western media reported that the US was putting pressure on the UK, France, Germany, Italy, Canada and Japan to find a way to legalize the use of Russia's frozen assets before February 24, 2024, exactly two years since Moscow began its special military campaign in Ukraine.
In mid-December 2023, the European Commission approved a proposal to use proceeds from frozen Russian assets to help Ukraine recover from the conflict.
Kremlin spokesman Dmitry Peskov said Russia has drawn up a list of Western assets that could be seized if the G7 decides to seize $300 billion in frozen Russian assets.
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