Russia will prepare a response if Germany confiscates the country’s assets in favor of Ukraine, said State Duma Chairman Vyacheslav Volodin. “As soon as such a decision is made, we have the right to take similar actions in relation to the assets of Germany and other states,” he wrote.
Volodin warned that a similar precedent in Europe could lead to countries “ignoring international law and taking what they see fit at their own discretion.”
On the readiness of Germany to direct the frozen billions of euros of Russian assets to the restoration of Ukraine, Bloomberg wrote on January 3, citing sources in the German government. Such a move could follow, they said, if all legal issues are settled and the allies do the same.
Among the options proposed is confiscation, which will affect only Russian oligarchs and Russians directly involved in the war in Ukraine. final a decision has not yet been made, but the withdrawal is actively supported by Foreign Minister Annalena Burbock.
Meanwhile, on January 4, Estonian Foreign Minister Urmas Reinsalu said that the country intends to be the first to transfer frozen Russian assets to Ukraine. The EU began preparing the necessary legal framework in November. However, Reinsalu noted that “a consensus on this issue has not yet been reached.” “We discussed this with the government and decided that in parallel we will start creating a legal structure that will allow the use of this money,” he said.
Earlier, the head of the European Commission, Ursula von der Leyen, promised that the EU would “find legal ways” to confiscate Russian assets to help rebuild Ukraine. According to her, the EU has frozen €300 billion of the Bank of Russia and €19 billion of Russian oligarchs.