PARIS, March 4. /TASS/. Confiscation of frozen Russian assets would have a negative impact on the investment climate in the European Union and would cause mistrust among foreign investors, Benjamin Haddad, Minister Delegate for European Affairs to the French Foreign Ministry, said on the France 2 TV channel.

"However, legal issues arise here. This would be a signal to other investors," the minister said.

Nevertheless, Haddad noted that possible confiscation of assets "remains one of the levers of influence on Russia."

Earlier, the Financial Times (FT) reported citing sources that France had proposed to its European partners to confiscate frozen sovereign assets of Russia in case the country violates the ceasefire in Ukraine, if one is established.

The European Union, Canada, the United States and Japan have frozen Russia's assets worth about $300 billion after the start of a special military operation. Of these, about $5-6 billion are in the United States, and most are in Europe, including the international Euroclear platform in Belgium, where $210 billion are stored.

Earlier, Kremlin Spokesman Dmitry Peskov noted that Russia will definitely respond to the theft of its assets in Europe.