{"id":284099,"date":"2024-03-22T08:45:39","date_gmt":"2024-03-22T08:45:39","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=284099"},"modified":"2024-03-23T06:38:48","modified_gmt":"2024-03-23T06:38:48","slug":"russia-vows-retaliation-if-eu-arms-ukraine-with-its-frozen-asset-profits","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=284099","title":{"rendered":"Russia vows retaliation if EU arms Ukraine with its frozen asset profits"},"content":{"rendered":"

Press TV \u2013 March 21, 2024<\/strong><\/h1>\n

Russia says it will take retaliatory measures in accordance with its own interests if the European Union decides to take revenues from the Kremlin\u2019s frozen assets and use them to buy weapons for Ukraine.<\/strong><\/p>\n

Brussels is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to arm Ukraine, a senior official said Tuesday.<\/p>\n

EU foreign policy chief Josep Borrell hopes that EU leaders will endorse the plan at a summit in Brussels starting on Thursday.<\/p>\n

But ahead of the meeting, Kremlin spokesperson Dmitry Peskov said Moscow will use every legal mechanism at its disposal if Brussels goes ahead with the plan Moscow described as \u201cbanditry and theft.\u201d<\/p>\n

\u201cNaturally, we will use all possible judicial mechanisms, those that are available now, and all those that become available in the future,\u201d he said.<\/p>\n

\u201cAnd on the basis of reciprocity we will not retaliate in kind, but choose different methods in a way that corresponds to our own interests,\u201d he added.<\/p>\n

The EU is holding around $217 billion in Russian central bank assets as part of sanctions imposed on Moscow over its \u201cspecial military operation\u201d in Ukraine. Most of the funds are held in Belgium.<\/p>\n

The 27-nation bloc estimates that the interest on that money could provide around $3.3 billion each year.<\/p>\n

Under the plan, around 90% of the money would be put into a special fund that many EU countries already use to get reimbursed for arms and ammunition they send to Ukraine.<\/p>\n

\u201cThe Russians will not be very happy. The amount of money, 3 billion per year, is not extraordinary, but it is not negligible,\u201d Borrell told reporters.<\/p>\n

On Tuesday, European Council President Charles Michel called on the EU to shift to a \u201cwar economy<\/a>\u201d mode and\u00a0\u201cgive Ukraine enough support to stop Russia.\u201d<\/p>\n

The EU has provided Ukraine with over $30 billion in military assistance, ranging from ammunition to air-defense systems, Leopard tanks, and fighter jets \u2014 in addition to supplies provided directly on a bilateral basis by the bloc\u2019s member states.<\/p>\n

Chinese banks under\u00a0pressure by EU, US<\/strong><\/h2>\n

In separate remarks, the Kremlin spokesperson\u00a0slammed the West for putting \u201cunprecedented pressure\u201d on Chinese banks accepting payments from Russia.<\/p>\n

\u201cThe unprecedented US and EU pressure on China continues… this creates certain problems,\u201d Peskov said.<\/p>\n

Russian media reported earlier on Thursday that some Chinese lenders had stopped accepting payments in Chinese yuan from Russian companies.<\/p>\n

Officials in Washington and Brussels are targeting companies and banks in third countries they say are helping Russia avoid Western sanctions by trading and executing payments.<\/p>\n

Since the start of the war in Ukraine in February 2022, China has become Russia\u2019s most important economic ally.\u00a0Trade between the two world powers has reached more than $240 billion, according to official data from Beijing.<\/p>\n

The figure is a record for both Beijing and Moscow.<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Even though Ukraine\u2019s counteroffensive failed and it now struggles with manpower issues from its battlefield losses, the EU plans to fund Zelensky\u2019s military campaign with seized revenues from frozen Russian assets <\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[91,116],"tags":[],"class_list":["post-284099","post","type-post","status-publish","format-standard","hentry","category-russia","category-ukraine"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/284099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=284099"}],"version-history":[{"count":1,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/284099\/revisions"}],"predecessor-version":[{"id":284100,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/284099\/revisions\/284100"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=284099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=284099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=284099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}