Comment by the Russian Permanent Mission to the EU regarding the EU decision on the use of proceeds from Russian assets, 21 May 2024

Submitted on Tue, 05/21/2024 - 19:01

Today the European Union, firmly on the road to self-destruction, has without exaggeration opened a new page in the history of both international monetary and financial relations and its own integration.

The EU has consciously taken the unprecedented step of stealing the sovereign assets of a foreign country. This is a clear example of what "European values" and the West-imposed "rules-based order" are all about. In this particular case, these “rules” have been extended to include a certain "legal basis" invented in the European Quarter for the fraudulent manipulation of the proceeds from the illegally frozen assets of the Bank of Russia.

In effect, the EU has demonstrated to the entire international community that it now feels entitled to steal the financial reserves entrusted to it, to refuse to honour its own commitments to protect private property and capital investment, and to disregard international legal immunities. Theft has thus officially become an instrument of Brussels' foreign policy.

The consequences of this precedent will certainly be unpredictable, including for the eurozone, the economies of the member states and the investment environment. Still, the only predictable thing is that sooner or later the EU will have to return the stolen funds to our country.