Lavrov accuses European leaders of “theft” over Russian assets
Lavrov targeted the EU’s so-called “reparation loan” plan, which would channel money to Kiev over several years using Russia’s frozen funds as collateral. He cited Western precedents, including US actions against Iran and Venezuela, as evidence of a history of immobilizing or seizing foreign assets.
Belgium, which hosts most of the frozen Russian funds via Euroclear, warned that the proposal would amount to unprecedented confiscation and could damage the reputation of the Western financial system. Russia has also filed a lawsuit against Euroclear in the Moscow Arbitration Court seeking damages for the asset freezes, though Brussels has dismissed Russia’s claimed $230 billion figure as “speculative” and maintains the freezes are legal.
Critics argue that the EU’s plan represents a fundamentally different and legally riskier step than previous asset freezes, giving Russia strong grounds to pursue compensation in international courts.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
