Russian Ambassador to Germany Sergey Nechayev issued a stark warning to Europe yesterday that if the Europeans proceed with plans to seize Russian assets frozen in the Belgium-based Euroclear, they will face serious consequences. “Any transactions with sovereign Russian assets that are not coordinated with Russia are a theft. It is also obvious that the theft of Russian state funds will have large-scale consequences,” the diplomat told AFP news agency, reported TASS.
He said there are no “legal mechanisms” for the plans to appropriate the Bank of Russia’s assets held in the Belgian Euroclear depository. “This step, unprecedented in world history, is capable of destroying the business reputation of the European Union and plunging European governments into endless lawsuits,” Nechaev said. “We are sure that Brussels and Berlin understand this.”
“The neo-Nazi regime of [Vladimir] Zelensky, on whom Europe continues to rely, is in bad shape. Considerable funds are needed to maintain viability of the Kiev regime and continue the war ‘to the last Ukrainian’, which the Europeans do not have,” he said.
According to Nechayev, in such circumstances the idea of stealing Russian assets and using them in the interests of Kiev “may seem tempting to some people. In fact, this is a path to legal anarchy and destruction of the foundations of the global financial system, which will primarily hit the European Union.”
