5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
Investing.com -- Russia has warned the European Union that any attempt to confiscate Russian assets held in Euroclear accounts would trigger a "painful response," according to statements made by Foreign Ministry spokeswoman Maria Zakharova on Thursday.
Zakharova declared that the EU lacks legal authority to seize Russian assets, characterizing such potential action as "theft." Her comments came as the EU reportedly discusses what she termed "direct confiscation" of Russian funds.
"There are no legal ways to take our funds," Zakharova stated, accusing the EU of demonstrating a "cynical attitude" toward the UN Charter.
The Russian Foreign Ministry also made reference to potential zero-coupon bonds that might be issued by the European Commission in relation to the frozen assets, saying these would "one day be exhibited in the museum of Russophobia."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.