Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’
The Kremlin has condemned the European Union's transfer of profits from frozen Russian assets to Ukraine as theft. While the EU holds roughly 210 billion euros in Russian reserves, internal disputes have emerged over control. German Chancellor Friedrich Merz insists these assets must remain under European control, contradicting a U.S. proposal to transfer some assets to Washington's authority to pressure Moscow. Meanwhile, reports indicate Russia has used a sanctions loophole to recover 3 billion dollars from Belgium's Euroclear, with Austria's Raiffeisen Bank potentially following suit.
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- ✓ Approximately 210 billion euros in Russian central bank reserves are frozen within the EU.
- ✓ Vladimir Putin issued a decree seizing local assets of four companies from Belgium, Germany, France, and Sweden.
What changed
The U.S. has proposed taking control of some frozen assets while Russia has allegedly recovered 3 billion dollars via an EU loophole.
Live updates
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Kremlin calls EU transfer of frozen Russian asset profits illegal theft
The Kremlin has condemned the European Union's transfer of profits from frozen Russian assets to Ukraine as theft. While the EU holds roughly 210 billion euros in Russian reserves, internal disputes have emerged over control. German Chancellor Friedrich Merz insists these assets must remain under European control, contradicting a U.S. proposal to transfer some assets to Washington's authority to pressure Moscow. Meanwhile, reports indicate Russia has used a sanctions loophole to recover 3 billion dollars from Belgium's Euroclear, with Austria's Raiffeisen Bank potentially following suit.
Why it matters
The EU is using earnings from frozen Russian central bank reserves to provide financial aid to Ukraine. This move follows a pattern of retaliation, including a decree by Vladimir Putin to seize assets from companies in France, Germany, Belgium, and Sweden. The legal status of these transfers remains a point of contention between Moscow and Brussels.
What is confirmed
- Approximately 210 billion euros in Russian central bank reserves are frozen within the EU.
- Vladimir Putin issued a decree seizing local assets of four companies from Belgium, Germany, France, and Sweden.
Still unconfirmed
- The U.S. proposed that European countries turn some Russian assets over to Washington's control.
What to watch next
- Confirmation of Raiffeisen Bank asset transfers
- Official EU response to the U.S. proposal for asset control
- Further Russian retaliatory decrees against EU corporate assets
confidence 80%Sources used for this update (3)
- kyivindependent.com — The EU loophole Russia is using to free its oligarchs from ...
- www.yahoo.com — Merz says frozen Russian assets must stay in Europe amid ...
- theins.press — “Russia will do everything to try to get its frozen assets ...
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Russia Seizes European Assets as EU Discusses Frozen Russian Reserves
President Vladimir Putin issued a decree seizing local assets of four companies from Belgium, Germany, France, and Sweden in retaliation for European support of Ukraine. Simultaneously, EU leaders are revisiting discussions on utilizing frozen Russian assets to aid Ukraine. Approximately 210 billion euros in Russian central bank reserves are currently frozen within the EU, with earnings from those assets already contributing to Ukrainian financial assistance. Belgium has indicated its position on the matter remains unchanged.
Why it matters
The conflict involves a cycle of financial retaliation between Moscow and Brussels. The EU holds massive reserves of Russian state funds, while Russia targets the physical and corporate assets of Western firms operating within its borders.
What is confirmed
- President Vladimir Putin issued a decree seizing local assets of four companies from France, Germany, Sweden, and Belgium.
- Approximately 210 billion euros in Russian central bank reserves are frozen in the EU.
Still unconfirmed
- EU leaders have resumed discussions on using Russian assets to support Ukraine.
- Earnings from frozen Russian assets already help finance assistance to Ukraine.
What to watch next
- EU summit discussions regarding the use of frozen assets
- Further Russian decrees targeting European corporate assets
confidence 90%Sources used for this update (3)
- www.straitstimes.com — Russia takes control of more European corporate assets ahead ...
- www.kyivpost.com — Frozen Russian Assets: Europe Rejects US Control Plan – FT
- unn.ua — The EU is discussing the use of frozen Russian assets for ...
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School Roof Collapse in Peshawar Kills 28
A school roof collapse in the northwestern Pakistani city of Peshawar has killed twenty-seven students and one teacher. Lady Reading Hospital confirmed the casualties, stating that over thirty people sustained injuries in the incident. Six of the injured victims are currently in critical condition at the medical facility. Emergency responders and hospital personnel are managing the influx of casualties from the collapse site.
Why it matters
Structural failures and inadequate building safety regulations remain persistent public safety challenges across parts of Pakistan, frequently placing educational facilities and public infrastructure at high risk. Peshawar, located in the northwestern region of the country, houses numerous densely populated community areas where structural maintenance standards vary significantly. Medical facilities in the city often handle mass casualty responses following major structural disasters.
What is confirmed
- Twenty-seven students and one teacher died following the collapse of a school roof in Peshawar.
- Lady Reading Hospital reported that over thirty people were injured in the Peshawar school roof collapse.
- Six of the injured individuals from the Peshawar school collapse are in critical condition.
What to watch next
- Official investigations into the structural integrity and cause of the Peshawar school roof collapse
- Updates on the medical conditions of the six critical patients at Lady Reading Hospital
confidence 100%Sources used for this update (2)
- www.jpost.com — Ukraine-Russia War
- jen.jiji.com — Pakistan, school roof collapses in Peshawar, 28 dead and 30 injured
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NATO Prepares to Defend Against Potential Attacks
Supreme Allied Commander Europe Alexus Grynkewich stated in Warsaw that NATO would fight if attacked, though he does not believe a conflict is imminent. Speaking on October 12, Grynkewich stressed that the alliance intends to exercise deterrence through collective strength and ensure any aggression proves futile. Meanwhile, preparations are underway for the International Euro-Mediterranean Excellence Award in Rome on October 14, bringing together international diplomats and cultural figures.
Why it matters
NATO leadership continues to address regional defense readiness as security tensions persist across Europe. The military alliance maintains a defensive posture while outlining deterrence strategies against potential threats. Concurrently, diplomatic and cultural engagements proceed in Rome through upcoming international events.
What is confirmed
- Supreme Allied Commander Europe Alexus Grynkewich stated in Warsaw that the alliance will fight if attacked.
- Grynkewich stated that he does not believe a conflict is imminent or inevitable.
- The fourth edition of the International Euro-Mediterranean Excellence Award is scheduled for October 14 in Rome.
What to watch next
- Developments regarding NATO defense posture and deterrence strategies
- Proceedings from the International Euro-Mediterranean Excellence Award in Rome
confidence 100%Sources used for this update (4)
- jen.jiji.com — War in Europe, NATO military chief: “It's not inevitable, but we must prepare”
- jen.jiji.com — Euro-Mediterranean Excellence Award, October 14 in Rome, with awardees from Barachini to Cavo Dragone
- en.wikipedia.org — Kremlin (fortification) - Wikipedia
- www.rbth.com — What’s inside the Moscow Kremlin? (PHOTOS) - Russia Beyond
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EU Plans Indefinite Freeze on Russian Assets for Ukraine Loan
The European Union plans an indefinite freeze on Russian central bank assets to clear the path for a €165 billion loan supporting Ukraine's military and civilian needs. Around €210 billion in Russian assets remain frozen across Europe, with the Belgian depository Euroclear holding €185 billion of the total. Funding Ukraine stays a primary focus for European leaders as the war enters another winter. The Parliamentary Assembly of the Council of Europe previously adopted a resolution proposing that frozen funds pay compensation for judgments against Russia.
Why it matters
Western nations blocked hundreds of billions in Russian state reserves after the Kremlin launched its full-scale invasion in February 2022. Finding legal methods to convert these immobilized funds into sustained financial and military backing for Kyiv has triggered fierce debates among European officials. Reaching a consensus on asset mobilization remains vital for keeping Ukraine solvent as the conflict protracts.
What is confirmed
- Around €210 billion of Russian assets are frozen in Europe, with €185 billion held by the Belgian depository Euroclear.
- The Parliamentary Assembly of the Council of Europe adopted a resolution stating that frozen Russian assets could pay compensation awarded by the European Court of Human Rights.
- The European Union plans an indefinite freeze on Russian central bank assets to support a €165 billion loan for Ukraine.
What to watch next
- Formal finalization of the EU indefinite asset freeze mechanism
- Approval and disbursement details for the proposed €165 billion loan to Ukraine
confidence 100%Sources used for this update (4)
- lobbyclub.org — €210 Billion Frozen — Why This Money Still Hasn't Reached ...
- agenceurope.eu — Parliamentary Assembly of Council of Europe condemns Russian ...
- carnegieendowment.org — Turning Russian Assets into Financing for Ukraine Now
- cde.news — EU Plans Indefinite Freeze on Russian Central Bank Assets
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Kremlin maintains condemnation of EU asset transfers to Ukraine
The Kremlin continues to label the European Union's transfer of profits from frozen Russian central bank assets to Ukraine as illegal theft. This stance follows the European Commission's transfer of $1.6 billion to Kyiv. While the Parliamentary Assembly of the Council of Europe has urged member states to redirect these assets for Ukrainian compensation, EU officials remain split over funding methods. Brussels currently requires Ukraine to implement specific reforms before receiving additional financial aid as tensions over asset confiscation persist.
Why it matters
The dispute centers on the legal authority of the EU to seize or redirect sovereign assets during an active conflict. These funds are intended to support Ukraine's economy and military efforts. The disagreement highlights a broader diplomatic rift between Moscow and Brussels regarding international law and financial sovereignty.
What to watch next
- Official EU decisions on future funding mechanisms for Ukraine
- Updates on Ukrainian reform progress required by Brussels
- Further diplomatic responses from the Kremlin regarding asset seizure
confidence 100%Sources used for this update (7)
- jen.jiji.com — Affari Tuoi, tonight it's not on air (again): here's when De Martino returns
- jen.jiji.com — Garlasco case, prosecutors' suspicions about the exhibits: "Destroyed after the definitive sentence on Stasi" (2)
- www.xvideos.com — 'naughty wife otk spanking' Search - XVIDEOS.COM
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- www.pornhub.com — Wife Spanks Husband Otk Porn Videos | Pornhub.com
- www.clips4sale.com — Wife-spanks-husband-otk Porn Videos - Clips4Sale
- www.youjizz.com — Naughty wife spanked otk - Youjizz
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Council of Europe Assembly Urges Action on Frozen Russian Assets
The Parliamentary Assembly of the Council of Europe has demanded that member states redirect frozen Russian assets to compensate Ukraine. This development follows previous tensions regarding the European Commission transferring $1.6 billion in profits from immobilised central bank funds to Kyiv. Moscow previously condemned these profit transfers as illegal theft through Kremlin spokesman Dmitry Peskov. Meanwhile, European Union officials remain divided on funding mechanisms, and Brussels maintains that Ukraine must enact reforms before receiving further financial assistance, as diplomatic friction over asset confiscation measures continues to mount.
Why it matters
The redirection of sovereign Russian funds represents a major escalation in the financial strategy against Moscow during the ongoing conflict. Diverting these resources aims to shift the financial burden of rebuilding Ukraine onto the aggressor nation. However, legal and political divisions among European capitals complicate how these massive sums can be utilized without destabilizing international financial norms.
What is confirmed
- The Parliamentary Assembly of the Council of Europe has called on member states to redirect frozen Russian assets to pay compensation to Ukraine.
What to watch next
- Formal adoption of asset redirection mechanisms by Council of Europe member states
- Further European Union decisions regarding the use of over 200 billion euros in immobilised Russian funds
confidence 100%Sources used for this update (2)
- jen.jiji.com — Adnkronos investigation into Rome's golf cart jungle arrives on the Guardian
- www.yahoo.com — Council of Europe assembly calls for frozen Russian assets to ...
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Kremlin Slams EU Asset Transfers as Theft
Moscow has labeled the transfer of profits from frozen Russian assets to Ukraine as illegal theft, according to Kremlin spokesman Dmitry Peskov. The European Commission intends to supply Kyiv with $1.6 billion derived from interest on cash balances held in immobilised central bank funds. European Union officials remain divided on funding mechanisms, while Sweden has led a renewed effort to utilize over 200 billion euros or $227 billion of immobilized Russian assets. Brussels insists that Ukraine must still implement reforms before receiving additional financial flows, even as diplomatic friction escalates over the confiscation measures.
Why it matters
European nations are actively searching for funding alternatives to support Ukraine without placing burdens on local taxpayers and voters. Sweden originally reopened the dormant discussion on August 27, aiming to deliver defense support as winter approaches. Russia has responded to these financial maneuvers by widening a corporate crackdown and placing European firms under temporary management.
What is confirmed
- The Kremlin condemned the European Union transfer of profits from frozen Russian assets to Ukraine as illegal theft on September 24.
- The European Commission plans to provide Ukraine with $1.6 billion sourced from interest on cash balances tied to frozen central bank holdings.
- Over 200 billion euros or $227 billion of Russian assets remain immobilized in EU circles.
- Sweden led a new push on August 27 to reopen the question of using Russian assets to support Ukraine.
Still unconfirmed
- Trump considers a Russia sanctions relief deal in exchange for prisoner releases.
What to watch next
- Formal EU decisions regarding the utilization of immobilized Russian assets for upcoming winter defense needs.
- Implementation of required Ukrainian domestic reforms tied to further Brussels funding disbursements.
- Further retaliatory corporate actions by Moscow against European firms operating in Russia.
confidence 100%Sources used for this update (6)
- kyivindependent.com — Unfreezing Europe's Russian assets debate
- www.jpost.com — Kremlin Articles and latest stories | The Jerusalem Post
- www.straitstimes.com — Russia targets European firms with temporary management ...
- www.kyivpost.com — 'Watering the Desert': EU Pushes Back as Ukraine Seeks More ...
- www.yahoo.com — EU States Revive Push To Use Frozen Russian Assets For Ukraine
- www.rte.ie — Use of Russian assets should be 'kept on table' - McEntee - RTÉ
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Kremlin Slams EU Transfer of Frozen Asset Profits as Theft
The Kremlin has strongly condemned the European Union's transfer of profits generated from frozen Russian assets to Ukraine, denouncing the action as illegal theft. Kremlin spokesman Dmitry Peskov outlined Moscow's position on September 24, reacting to European efforts to channel revenue from immobilised Russian central bank funds into support for Kyiv. Meanwhile, the European Commission stated that the bloc intends to provide Ukraine with $1.6 billion sourced from interest on cash balances tied to these frozen central bank holdings. Diplomatic friction continues to mount over the confiscation measures.
Why it matters
Western nations froze substantial Russian central bank assets following the outbreak of the war in Ukraine, creating a massive pool of immobilized capital. Using the interest and profits generated by these frozen funds represents a major escalation in financial warfare and support for Kyiv. Moscow has vowed retaliation against what it views as a direct violation of international law and sovereign property rights.
What is confirmed
- The Kremlin condemned the European Union's transfer of profits from frozen Russian assets to Ukraine as illegal theft.
- Kremlin spokesman Dmitry Peskov stated Moscow's opposition on September 24.
- The European Commission stated the bloc would provide Kyiv with $1.6 billion taken from interest on cash balances from frozen Russian central bank assets.
Still unconfirmed
- Russian intelligence warns that European entities are attempting to create a supranational body specifically to seize frozen Russian assets.
- Russia claims that nations in the Global South, including China and India, will punish the European Union for asset seizures.
What to watch next
- Further official announcements from the European Commission regarding the timeline of funds delivery to Kyiv.
- Potential retaliatory financial or legal measures enacted by Moscow against European entities.
confidence 100%Sources used for this update (15)
- www.jpost.com — Ukraine-Russia War Articles and latest stories - The Jerusalem Post
- jen.jiji.com — Pietracatella Mystery, PC and USB stick analyses concluded: results in 60 days
- en.wikipedia.org — Kremlin - Wikipedia
- en.kremlin.ru — President of Russia
- kremlin.ru — Президент России
- en.wikipedia.org — Kremlin (fortification) - Wikipedia
- www.worldhistory.org — Kremlin - World History Encyclopedia
- kreml.ru — MMK (Moscow Kremlin Museum)
- www.dw.com — Kremlin - dw.com
- jen.jiji.com — Iran, Axios: "New military conflict with the US increasingly likely"
- www.jpost.com — Kremlin slams EU transfer of frozen Russian asset profits to ...
- www.dimsumdaily.hk — Kremlin condemns European Union’s transfer of frozen Russian ...
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Kremlin Denounces EU Transfer of Frozen Asset Profits to Ukraine
The Kremlin has condemned the European Union's transfer of profits from frozen Russian assets to Ukraine, labeling the action as illegal theft. Russian intelligence further warns that European entities are attempting to create a supranational body specifically to seize these assets. While the EU moves forward with these transfers, legal experts warn that significant barriers remain regarding the use of confiscated funds for Ukraine's reconstruction. Russia claims that nations in the Global South, including China and India, will punish the EU for these seizures.
Why it matters
The EU has frozen vast sums of Russian assets following the invasion of Ukraine. The current dispute centers on whether the profits generated by these assets can be legally diverted to fund Ukrainian defense and recovery. This escalation tests the legal boundaries of international asset seizure and sovereign immunity.
What is confirmed
- The Kremlin condemns the EU transfer of profits from frozen Russian assets to Ukraine as illegal theft.
- European efforts are underway to establish a supranational body to seize frozen assets.
Still unconfirmed
- The European Court of Human Rights may provide a ruling allowing the transfer of Russian funds to Ukraine.
What to watch next
- Formal establishment of a European supranational body for asset seizure.
confidence 80%Sources used for this update (6)
- jpost.com — Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’
- صوت الإمارات — Russian intelligence warns of European efforts to establish a supranational body to seize frozen assets
- eadaily.com — The EU — the thief of Russia's assets — will be punished by China, India and other countries of the Global South
- Європейська правда — Strasbourg seeks Russian assets: can Russian funds be transferred to Ukraine pursuant to an ECtHR ruling?
- Transparency International Ukraine — What Happens to Russian Assets After Confiscation
- Межа. Новини України. — Expert Warns Frozen Russian Assets Face Legal Barriers to Ukraine Reconstruction
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