Europe To Fund Ukraine With Frozen Russian Assets, Moscow Threatens Retaliation | World News

New Delhi: Russia protested against the European move to sell frozen assets and transfer revenues to Ukraine. The Moscow initiative described it unjustly. Authorities, the government will challenge the plan in the courts and will follow other ways of resistance, he said. Russia also announced that any country trying to liquidate its reserve will remain a long -term target.

The dispute stems from the measures taken after the occupation of 2022 Ukraine. The United States and its European allies frozen Russian state assets and the assets of wealthy individuals. Estimates show that during this period, the Russian government and Russian reserves in foreign banks were handled between 300 billion and 350 billion dollars.

Official process in the EU

Using the frozen money for Ukraine has wandered for months. In recent weeks, the European Union has started to prepare an official procedure. Both the United Kingdom and the United States are preparing frames to move the plan forward. If completed, this will permanently remove hundreds of billions of dollars from Russian control.

European leaders want money for the war needs of Ukraine. Funds will be directed to weapons supply and direct financial aid.

According to sources, the EU chief Ursula von wanted to accelerate this mechanism to provide stronger military support. In addition, discussions to sell Russian bonds and cash reserves in international banks to finance Kiev’s defense are continuing.

Moscow’s warning

“Any European country that destroys our property should understand that we will solve accounts with them until the end of the century,” former Russian President Dmitry Medvedev said.

He called the plan as a theft and added that Russia would look for justice in legal ways as well as actions outside the courtroom.

Medvedev stressed that no government should underestimate the results. According to him, any country that approves the plan will place itself directly on Russia’s fire line.

While defining the Moscow plan as a robbery, European governments argue that Russia should take responsibility for the destruction in Ukraine. They insist that it must be used to seize Russian delegation to pay the damages of the war.