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EU banks grasp risk related to expropriating Russian assets, says Kremlin

The EU is considering introducing a tax close to 100% on Russian assets frozen after the start of the special operation in Ukraine

MOSCOW, March 22. /TASS/. European banks understand the catastrophic consequences that will stem from expropriating Russia's assets, as the fallout will indeed be huge, Kremlin spokesman Dmitry Peskov said at a briefing.

Earlier, Reuters reported citing sources that European banks were lobbying Brussels to forget about tapping Russia’s frozen assets.

"The legal service of any bank understands the catastrophic consequences of such activity in confiscating assets. If such decisions are implemented, this will entail very serious consequences for those who took them and those who implemented them," Peskov said.

The EU is considering introducing a tax close to 100% on Russian assets frozen after the start of the special operation in Ukraine. The funds received will go directly to the European Commission, which intends to subsequently transfer them to Kiev. German Chancellor Olaf Scholz supported the decision, explaining that, in his opinion, these funds do not belong to anyone - and therefore can be used to buy weapons and ammunition for Ukraine.

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