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BREAKING
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

Moscow to regard West seizing Russian real estate 'outright theft'

  • By Al Mayadeen English
  • Source: Agencies
  • 28 Jan 2024 09:30
3 Min Read

The Russian Foreign Ministry clarifies that Moscow will adequately respond to any Western attempts to seize sovereign real estate assets.

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  • Moscow to regard West seizing Russian foreign estate 'outright theft'
    A man walks in front of the Russian Foreign Ministry headquarters in Moscow, Russia, December 22, 2020. (AFP)

The seizure of Russian frozen assets by any Western country would be regarded as "outright theft" and would be effectively responded to, Sputnik reported on Sunday citing the Russian Foreign Ministry.

"We have spoken more than once about the illegitimacy of unilateral coercive measures taken by Western countries in relation to Russian property abroad. We have repeatedly noted that the seizure of property of the Russian Federation is unlawful and violates the fundamental principles and norms of international law, including the sovereign equality of states," the ministry said.

Any such action would be considered "outright theft by one group of states of the property of another... At the same time, the countries of the 'collective West' can be sure that any attempts by them to confiscate Russian real estate, just like other assets, will inevitably entail an adequate and effective response," it said as per the Russian media outlet.

Read more: EU mulls profiting from billions of illegally frozen Russian funds

A February meeting

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Russia slams US-Denmark military pact as threat to its security

Led by the United States, G7 countries have initiated active efforts in 2023 to investigate methods for seizing the assets of Russia's central bank.

Kiev's allies have been grappling with further means to send more funds as the war nears its two-year mark, and have been looking into the allocation of frozen Russian funds - estimated at $300 billion - as military aid to Kiev.

Earlier this month, the White House backed a bill that would seize Russia's frozen funds and transfer them to Kiev as foreign aid, Bloomberg reported, citing a note from the US National Security Council (NSC) to the Senate Foreign Relations Committee.

The development comes after the Financial Times, citing a US official, reported in December that G7 members might address this matter during a potential leaders' summit scheduled for February, as Washington believes that the window for deciding on the utilization of frozen Russian funds is narrowing.

Responding to the reports then,  Kremlin Spokesperson Dmitry Peskov warned that attempts to utilize Russia's frozen assets as funds for Ukraine would be met with consequences.

Peskov pointed out that this topic has always been a discussion matter among the US and EU, but that it is profoundly unlawful, unacceptable, and could bring damage to global finance and the international system. 

Read more: Kremlin denies Russia's agreement to Ukraine's non-neutral status

  • United States
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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?

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