BERLIN: A European Union plan to use frozen Russian assets to fund Ukraine\u2019s fight against Russia would have \u201cfar-reaching consequences\u201d for the EU, Moscow\u2019s ambassador to Germany warned on Friday.<\/p>\n
His statement came as EU leaders seek more ways to keep Ukraine afloat as it faces increasing pressure on the battlefield.<\/p>\n
\u201cAny operation with sovereign Russian assets without Russia\u2019s consent constitutes theft,\u201d Sergey Nechaev said in a statement sent to AFP.<\/p>\n
\u201cIt is also clear that the theft of Russian state funds will have far-reaching consequences,\u201d the statement added.<\/p>\n
The EU on Wednesday laid out a plan to use frozen Russian assets to help fund Ukraine with 90 billion euros over the next two years, despite opposition from Belgium, where the bulk of the assets are held.<\/p>\n
But Nechaev said the \u201cunprecedented step\u201d could \u201cdestroy the business reputation of the European Union and plunge European governments into endless lawsuits.\u201d<\/p>\n
\u201cIn reality, it is a path to legal anarchy and the destruction of the foundations of the global financial system, which will primarily strike the European Union,\u201d he said.<\/p>\n
\u201cWe are confident that this is understood in Brussels and Berlin.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
BERLIN: A European Union plan to use frozen Russian assets to fund Ukraine\u2019s fight against Russia would have \u201cfar-reaching consequences\u201d for the EU, Moscow\u2019s ambassador to Germany warned on Friday. His statement came as EU leaders seek more ways to keep Ukraine afloat as it faces increasing pressure on the battlefield. \u201cAny operation with sovereign …<\/p>\n","protected":false},"author":4,"featured_media":90670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-90656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=90656"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90656\/revisions"}],"predecessor-version":[{"id":90671,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/90656\/revisions\/90671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/90670"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=90656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=90656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=90656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}