May 9, 2022
1 min read

This is the law of the jungle, Russia slams EU action

In Grushko’s opinion, such a decision, if taken, “will hit the Europeans themselves, hit the modern financial system and undermine confidence in Europe and in the West in general”….reports Asian Lite News

Seizing the foreign-exchange reserves of the Russian state would be an act of “complete lawlessness” and would undermine the very basis of international relations, Deputy Foreign Minister Alexander Grushko has said, commenting on an idea floated by EUs top diplomat, Josep Borell.

In a recent interview with FT, Borrell suggested seizing Russia’s frozen reserves and using them to cover the costs of rebuilding Ukraine once the conflict is over.

Responding to these remarks, Grushko told RIA Novosti that the EU’s “appetite comes with eating” and that confiscation of the assets would be “complete lawlessness, the destruction of the very foundation of international relations”, RT reported.

In Grushko’s opinion, such a decision, if taken, “will hit the Europeans themselves, hit the modern financial system and undermine confidence in Europe and in the West in general”.

“This is the law of the jungle,” he concluded.

In coming up with the idea, Borrell referred to the precedent of US President Joe Biden having set aside billions worth of the assets of Afghanistan’s central bank “to be used to benefit the Afghan people”.

“We have the money in our pockets, and someone has to explain to me why it is good for the Afghan money and not good for the Russian money,” the EU foreign policy chief said.

He added that one of the key questions the world has to answer is who will be paying the “incredible amount of money” needed for the reconstruction of Ukraine.

ALSO READ: Russia presses Ukraine assault as Putin marks Victory Day

Previous Story

Guterres presses for dialogue to resolve Lankan crisis

Next Story

London polls hint at religious consolidation in Indian votes

Latest from -Top News

Ghana Welcomes PM Modi

Hundreds of people, including locals, started chanting “Modi-Modi”, “Bharat Mata Ki Jai” and “Vande Mataram” as soon as PM Modi arrived at the hotel….reports Asian Lite News Prime Minister Narendra Modi received

Musk Signals Thaw in Trump Rift

Musk credited Trump for resolving major global conflicts, tagging a Truth Social post to back his claim….reports Asian Lite News Tesla CEO and former presidential advisor Elon Musk appeared to signal a

Tibetans Slam China’s ‘Reincarnation Politics’

Sikyong said the Chinese government is systematically working to erase Tibetan identity by targeting its language and religion, core pillars of its cultural heritage….reports Asian Lite News With the Dalai Lama entrusting
Go toTop

Don't Miss

Poland Urges EU to Extend Ukrainian Grain Import Ban

In May, the European Commission imposed a ban on grain

EU proposes solution to ensure medicine supply to NI

The European Commission’s proposals still need to be sent to