NEWS

Putin Ally Warns EU Against Seizing Russian Assets for Ukraine’s Reconstruction

Russia would likely confiscate the assets of European Union countries, if the bloc takes frozen Russian funds to finance Ukraine’s reconstruction, according to Vyacheslav Volodin, chairman of Russia’s lower house of parliament and an ally of Russian President Vladimir Putin.

Last week, European Commission President Ursula von der Leyen said that she was crafting a proposal that would take the profits from Russian frozen state assets to finance Ukraine’s post-war reconstruction.

“Such a decision,” Volodin said in a statement on the Telegram messaging app, “would require a symmetrical response from the Russian Federation. In that case, far more assets belonging to unfriendly countries will be confiscated than our frozen funds in Europe.”

Russia said Sunday that it shot down 36 drones overnight over the Black Sea and the Crimean Peninsula. Ukraine, which has stepped up its campaign against Russia, has not commented on the overnight attack.

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 Edited by Jesus Chan

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