Russia will respond to confiscation of assets in Europe

Russia will respond symmetrically to the confiscation of its assets in the European Union, Finance Minister Anton Siluanov announced on Thursday.

“If this decision is made, our response will be immediately available. We also have enough frozen assets here, type C accounts, these are our commitments resulting from securities, dividends, with foreign counterparts from unfriendly countries,” Siluanov explained.

The Finance Minister noted that the income from the use of these funds is significant and can also be used by Russia, if a decision is made in this regard in the European Union.

Previously, Presidential Spokesman Dmitri Peskov denied information about alleged confiscation of assets of foreign companies in Russia.

On December 18, the European Union approved the twelfth package of sanctions that included for the first time the possibility of confiscating the financial assets of a Russian legal or natural person to compensate European companies, whose properties in Russia had ended up being transferred to the State or Russian companies.