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EU plan to seize frozen Russian assets equals ‘economic racketeering’

Russia sees actions conducted against its sovereign assets and those belonging to its citizens and companies “as economic racketeering on the part of the collective West.”

  • EU foreign policy chief Josep Borrell attends a joint news conference with Ukrainian Foreign Minister Dmytro Kuleba following their talks in Ukraine, on Wednesday, Feb. 7, 2024. (AP)

The Russian Foreign Ministry asserted in an interview for RIA Novosti that the EU’s plan to seize the profits from frozen Russian assets and transfer them over to Ukraine would be considered a breach of international law.

“[The EU’s] invention of openly fraudulent schemes for the seizure of income from Russian assets is dictated by the need to create the illusion of legitimacy over attacks on our property and thereby camouflage what is in fact an outright theft,” the Ministry stated.

It added that EU members “clearly…

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