Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
White House: Trump called on al-Sharaa to "tell all foreign terrorists to leave Syria, deport Palestinian terrorists, help US prevent resurgence of ISIS, assume responsibility for ISIS detention centers in northeast Syria."
White House says Trump called on Al-Sharaa to join normalization accords with "Israel".
Israeli media, citing officials: Despite the Israeli plea, Donald Trump announced lifting sanctions on Syria
Anadolu: Turkish President Erdogan, US President Trump, Saudi Arabian Crown Prince Mohammed Bin Salman, and Syria's Sharaa hold online meeting.
YAF spokesperson Yahya Saree: Missile on Lod [Ben Gurion] airport is third in less than 24 hours, it achieved its target successfully.
YAF spokesperson: YAF's Missile Force targeted Ben Gurion airport with hypersonic missile.
Al Mayadeen's correspondent: 60 martyrs in Israeli strikes on six homes in Gaza since this morning.
IOF says missile launched from Yemen toward "Israel", air defense systems currently working to intercept it.
Macron says Israeli PM's measures on Gaza 'unacceptable' and 'shameful'
Yemeni Armed Forces: Companies that have not announced the suspension of their flights should follow in the footsteps of those who did, suspending flights to airports in occupied Palestine

French Patriots: using Russian frozen assets in EU 'illegal, foolish'

  • By Al Mayadeen English
  • Source: Al Mayadeen English
  • 10 Mar 2024 11:03
3 Min Read

The leader of the French Patriots party says the move of seizing Russia's assets could be used to trigger Russia into taking retributive measures.

  • x
  • Far-right Florian Philippot addresses the crowd during a rally against the health pass, on Saturday, Aug. 21, 2021, in Paris.(AP)
    Far-right Florian Philippot addresses the crowd during a rally against the health pass, on Saturday, Aug. 21, 2021, in Paris.(AP)

Leader of the French Patriots party, Florian Philippot, told RIA Novosti that using Russia's frozen assets in the European Union is "illegal and foolish", as Russia has more Western assets. 

"This is illegal and foolish, since Russia has more Western assets than Russian assets [located] here [in Europe], including many French assets. If they do this, I think Russia will do the same. It will be a war," Philippot stated.

He further added that this could be used to trigger Russia into taking retributive measures and then point fingers at it, stating "Obviously, this is stupidity, but this is what everyone is waiting for. The West is waiting for Russia to do the same thing in order to say: ‘Look how evil the Russians are,’ and this will be another reason to attack them and impose sanctions."

Philippot also said that this seizure will be a bad sign for investors, "It will also be a detrimental signal for all the world investors: ‘Invest into us, but if once we are at war, we will seize your property.’ Therefore, no one will invest anymore."

Related News

Turkey’s rising military role cements its value to European security

US envoy to deliver 22-point Ukraine peace plan to Putin

Use Russian assets for profit, not war: Macron 

Earlier this week, French President Emmanuel Macron stated that the seizure of frozen Russian assets in the European Union and the latter's utilization to finance Ukraine will violate international law and hinder the EU.

However, he added that France fully backs the idea of introducing a tax on profits coming from the reinvestment of the frozen Russian assets, which could provide 3-5 billion euros ($3.2-$5.4 billion) per year.

Russia made it very clear before 

Russian Finance Minister Anton Siluanov told RIA Novosti on February 26 that if the West applies its threats to Russia and confiscates Russian assets blocked abroad, Russia's response will not be nice. He stressed that the West also has assets in Russia that could be endangered if the latter's funds are used.

"This is not a question for us, we are following the decisions of Western countries,” he said, "We have frozen no less [of Western funds]. Any actions with our assets will receive a symmetrical response.”

Since the Ukraine-Russia conflict began in February 2022, Western countries have frozen an estimated $300 billion in assets belonging to the Russian central bank, which the UK and US have recently threatened to take and use for aiding Ukraine.

On the other hand, in the same context of seizing the funds, the EU has been aiming to use the interest earned from these Russian assets at the clearinghouse Euroclear.

  • Nato
  • Russia
  • Florian Philipott
  • France
  • French Patriots party
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Saree

Yemeni Armed Forces target key Israeli sites, USS Truman

  • MENA
  • 7 May 2025
A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
President Donald Trump, left, greets Israeli Prime Minister Benjamin Netanyahu at the White House, Monday, April 7, 2025, in Washington (AP)

US pressures 'Israel' for Gaza deal; Witkoff's Israeli rebuke leaked

  • US & Canada
  • 9 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Labour Party leader Keir Starmer with his wife Victoria make their way through supporters as they arrive at the count for the Holborn and St Pancras Parliamentary constituency where the Starmer is standing for election, in London, Friday, July 5, 2024 (AP)
Politics

UK Labour MPs urge government to recognize Palestine

Israeli exodus: 60,000 Israelis fled last year without return
Politics

Israeli exodus: 60,000 settlers fled last year on one-way tickets

Hollywood actors condemn Gaza violence days before Cannes Festival
Arts and Culture

350+ Hollywood actors condemn Gaza genocide ahead of Cannes Festival

Likud minister calls Trump as ‘unpredictable,’ unreliable
Palestine

Likud minister rebukes Trump, calls him 'unpredictable', unreliable

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS