Russia Vows 'Very Painful' Response As Kyiv Eyes $300 Billion of Frozen Assets

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Russia Vows 'Very Painful' Response As Kyiv Eyes $300 Billion of Frozen Assets
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Russia has issued a stark warning to Ukraine's allies, after Zelensky suggested the country's assets could be used to finance his war effort.

Russia has warned that Ukraine's allies will face serious consequences if its frozen assets are utilized to finance Volodymyr Zelensky's war effort.Shortly after Moscow launched the full-scale invasion in February 2022, members of the G7 froze around $300 billion worth of Russian Central Bank assets held in financial institutions abroad.

'I answer you: can we take the 300 billion that belongs to us? Can we take 300 billion, support our people, and buy weapons in all countries of the world with this money? Can we decide for ourselves what kind of weapons we need? Can we decide for ourselves what to do with this money?'The European Union has already greenlit a plan to provide Ukraine with a €35 billion loan , which is to be repaid using windfall profits from the immobilized Russian assets.

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