Russia on December 21 promised to respond in kind should the European Union go ahead with a plan to ring-fence profits generated from Russia's frozen assets in the EU and hand them to Ukraine. The EU is proposing using the income generated from around $300 billion of frozen funds from Russian central-bank reserves -- and could ultimately collect around $16 billion. "We also have enough assets that are frozen here, in type-C accounts," Finance Minister Anton Siluanov said in an interview on the Rossia-24 TV channel.
Russia Promises To Respond In Kind If EU Uses Its Frozen Assets
Russian Finance Minister Anton Siluanov (file photo)