Kremlin Issues Warning to EU over Plans to Confiscate Russian Assets in Western Banks
Friday, 22 March 2024, 13:34
Russia Issues Warning to Western Banks
The Kremlin has cautioned against the EU's plans to confiscate Russian assets held in Western banks, citing 'catastrophic consequences'. Some Western banks fear potential legal disputes arising from EU proposals to redistribute interest earnings on frozen assets. The EU's decision to allocate funds for arms supply to Ukraine further intensifies the geopolitical tensions.
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