Moscow, March 22 (IANS) Russia will use all available legal mechanisms and will retaliate if the EU moves forward with plans to use profits from frozen Russian assets to arm Ukraine, Kremlin Spokesman Dmitry Peskov said.
“We will use all possible judicial mechanisms, those that are available now and those that will become available in the future,” Peskov added on Thursday.
His statement follows a proposal made by EU foreign policy chief Josep Borrell on Tuesday to use revenues from Russia’s frozen assets to provide military assistance to Ukraine, Xinhua news agency reported.
Borrell suggested using 90 per cent of the profits generated from Russian assets to supply Ukraine with arms via the European Peace Facility.
“On the basis of reciprocity, we will not deliver a mirror response but will choose other response measures that will correspond to our own interests,” Peskov said.
Western countries have imposed sanctions on Russia since February 2022, freezing sovereign and private assets.
Russia’s currency reserves were frozen to the amount of nearly $300 billion.
–IANS
int/khz
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
