Kremlin furious:

EU plans for frozen assets are “theft”

Moscow will not put up with the EU's plans to confiscate frozen Russian assets.

This is a violation of all norms of the global economic system, the spokesman for the presidential office in Moscow, Dmitry Peskov, told the press indignantly. The government is still working on a response to such a step. It is closely monitoring how the plans are being implemented.

300 billion dollars frozen
Following the Russian attack on Ukraine in February 2022, assets worth a total of around 300 billion dollars (276.14 billion euros) were frozen in the West, the lion's share of which was in Europe. There has long been a debate about how to deal with these funds. There is a consensus that at least the interest income should be used to support Ukraine.