Moscow Says No EU Asset Seizures If Brussels Doesn’t Confiscate Russian Assets

Moscow has no plans to seize European assets, including from companies and banks, but will reconsider its position if the European Union confiscates its frozen assets, Russian Deputy Finance Minister Alexei Moiseev said on Oct. 22.

As much as $250 billion worth of Russian assets have been frozen in the European Union since the United States and its allies banned transactions with Moscow’s central bank and Ministry of Finance after Russia invaded Ukraine in February 2022.