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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Russia's frozen assets to be returned after end of war in Ukraine: EC

  • By Al Mayadeen English
  • Source: Agencies
  • 13 Apr 2023 23:28
  • 7 Shares
3 Min Read

The European Commission reaches the "sober conclusion" that legal barriers hinder the plan to use frozen Bank of Russia assets as financial support for Ukraine.

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  • Members of European parliament vote for a new law binding annual greenhouse gas emission reductions by Member States, Tuesday, March 14, 2023 in Strasbourg, eastern France. (AP)
    Members of the European Parliament vote for a new law binding annual greenhouse gas emission reductions by Member States, Tuesday, March 14, 2023 in Strasbourg, eastern France. (AP)

European Commission (EC) lawyers concluded that the assets of the Bank of Russia, which had been frozen by the EU, will be returned to Moscow once the war in Ukraine ends, according to the German newspaper Die Welt newspaper on Thursday.

The newspaper cited an unpublished EC document, which stated that the assets of the Bank of Russia "cannot be touched since once upon a time, when the war ends, they will have to be returned to Russia." EC experts have reached that "sobering conclusion" despite having claimed that "there is political will but legal barriers are high."

Alternatively, the EC has mulled over the idea of investing the currently frozen assets of the Bank of Russia in such a way as to use the interest gained as support for Kiev. However, it remained that the EC's legal service has yet to find a solution to what would happen in the event that the EU loses the invested funds under any circumstances. 

Read more: Freeze of Russian assets one of biggest thefts - Russian official

Russian Central Bank: Sanctions reshaping world economy

Last year, in November, the head of the Central Bank of Russia Elvira Nabiullina, the effects of sanctions on both the world and Russian economies should not be underestimated.

Nabiullina warned that the repercussions of sanctions will be impossible to disregard. Nabiullina, at the time, also stressed that sanctions are causing old economic ties with foreign countries to become outdated as new ties are emerging in a clear state of structural transformation, while Moscow's trade geography and demands on its products are changing.

This Tuesday, Russian President Vladimir Putin said that the law preventing foreign capital from exiting Russia has helped reduce threats to the country's financial system. 

"In the second quarter of last year, the Bank of Russia and the government introduced restrictions on the export of capital. And this made it possible to reduce threats to our financial system, ensure its stability, and then, based on the outcome, some restrictions were lifted or weakened," Putin said at a meeting on economic issues.

Putin warned that some risks to Russia's economy are still present and that letting the situation unfold without intervention would be the wrong approach to adopt. 

Read more: Russia slams EU proposal of structure to manage frozen assets as theft

  • EC
  • Europe
  • EU
  • war in Ukraine
  • Ukraine
  • bank of russia
  • Russian assets
  • European Commission
  • European Union

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