Russia reacts to EU transfer of frozen asset proceeds to Ukraine
(VOVWORLD) - Russia will carefully consider how to respond to the European Union's transfer to Ukraine of 1.5 billion euros (1.63 billion USD) taken from the proceeds of frozen Russian assets, Kremlin spokesman Dmitry Peskov said on Friday.
 Kremlin spokesman Dmitry Peskov speaks at a press conference in Moscow (Photo: AFP/ VNA) |
In a call with reporters, Peskov said that the EU's move was "illegal" and that Russia would take "well-thought-out actions" in response.
European Commission President Ursula von der Leyen said earlier that the EU was transferring 1.5 billion euros in proceeds from immobilized Russian assets to the defense and reconstruction of Ukraine.
After Russia launched a special military campaign in Ukraine in February 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around 300 billion USD of sovereign Russian assets in the West.
The EU plans to use 90% of the profits from these assets to provide military support to Ukraine, and the rest transferred to the EU budget and used for the reconstruction in Ukraine.