Kremlin Condemns EU's Use of Frozen Russian Assets for Ukraine Aid

The Kremlin has denounced the European Union's plan to use interest earned on frozen Russian assets to fund military aid to Ukraine, labeling it as 'theft.' Kremlin spokesman Dmitry Peskov announced that Russia would pursue legal action against those responsible, arguing it violates international law and property rights.

The Kremlin has openly criticized a European Union initiative to fund military aid for Ukraine by using interest accrued on frozen Russian assets, terming it as 'theft.'

Kremlin spokesman Dmitry Peskov confirmed that legal measures would be taken against those involved in this decision, calling it a direct breach of international law and property rights.

Following the 2022 invasion of Ukraine, Western nations froze approximately $300 billion of Russian assets. The EU's plan to redirect interest from these assets to aid Ukraine has drawn sharp rebuke from Moscow, warning it could have severe repercussions for Western financial stability and global investment confidence.

(With inputs from agencies.)