China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties
Investing.com -- Russia's parliament warned on Thursday that any seizure of Russian assets by the European Union would trigger legal action against Belgium and Euroclear, the Belgium-based depository holding the immobilized assets.
In a resolution, Russian lawmakers also suggested using assets belonging to non-residents from "unfriendly countries" to compensate for losses if Russian assets are confiscated by the EU.
The European Commission has put forward a proposal that would allow EU governments to utilize up to €185 billion ($217 billion) of frozen Russian sovereign assets to provide loans to Ukraine. This represents the majority of the €210 billion worth of Russian sovereign assets currently frozen in Europe.
The proposal does not involve outright confiscation of the assets, according to the European Commission's plan.
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