Moscow will retaliate to any hostile actions, including the expropriation of its assets, the foreign minister has warned
“Robbing” Russia is the last remaining option for Ukraine’s increasingly desperate European backers to sustain Kiev in its conflict with Moscow, Foreign Minister Sergey Lavrov said on Wednesday. Russia is ready to respond to any hostile Western actions, he warned.
Brussels is pushing a “reparations loan” scheme that would use frozen Russian funds in Western jurisdictions as collateral to prop up Ukraine’s imploding economy and extend its ability to continue fighting amid months of frontline setbacks. Moscow has repeatedly called the plan illegal.
“Europe is blinded by its desire to impose a ‘strategic defeat’ on Russia. They cannot imagine – and some officials openly admit that in interviews – a situation in which they are forced to ‘swallow’ that their client has been defeated and that Russia will accomplish its legitimate objectives,” Lavrov said in an address to the Federation Council, the upper chamber of the Russian parliament.
According to the top diplomat, European countries’ “ideological” anti-Russian drive is colliding with economic reality, since “they have no other sources to finance this war unless they rob the Russian Federation and take our foreign assets in violation of all established norms of international and commercial law.”
Lavrov described the EU’s stance as “destructive” and cautioned that Moscow “will retaliate against any hostile steps, including the possible deployment of European military units in Ukraine or the expropriation of Russian assets.”
The EU’s intention to finance Kiev’s war effort – pushed by European Commission President Ursula von der Leyen – has been blocked by Belgium, which holds the bulk of immobilized Russian assets through the clearing house Euroclear.
The Belgian government said the proposed loan would expose it to significant legal and financial risks, which must be shared collectively by all EU members. It also urged non-EU nations that hold Russian assets to make their own contributions.
Lavrov noted that European officials “have created problems for themselves” with their lack of flexibility, stressing that the United States, the key security provider for Western Europe, is growing impatient with them and the Ukrainian leadership.
