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EU concerned about effects of seizing Russian assets — Szijjarto

The Hungarian Foreign Minister compared what the EU was trying to do to communist practices of last century

SIRIUS /Federal Territory/, March 27. /TASS/. Some European countries are worried that confiscating Russia’s assets may have adverse consequences for their economies and affect how much money comes into the EU, Foreign Minister of Hungary Peter Szijjarto told TASS in the interview.

The ones arguing against the confiscation of assets "are based on the concern, what kind of impact it would have on the reliability of the European economy as such, or what kind of impact it would have on Europe as an investment destination," the minister said, commenting on EU initiatives to expropriate Russian financial assets for the purpose of using them to supply arms to Ukraine.

Szijjarto compared what the EU was trying to do to communist practices of last century. "All the assets from the family [were taken away], just because, you know, the state wanted to do so; that led to tragedies in my family. So, I would not like to see the principle of such kind of expropriations coming back any kind of move without a legal basis," he noted.

Any step without a lawful basis and without a court decision may lead "to very tough dilemmas," Szijjarto stressed.

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