Overview

• Foreign Ministry spokeswoman Maria Zakharova said Moscow will take "very harsh" retaliatory measures if the EU transfers Russian assets to Kyiv.
• Senator Vladimir Chizhov warned that any seizure would inflict an irreparable blow on Europe’s financial system and sharply undermine confidence in the euro.
• The European Commission says it will not confiscate Russian reserves but is using income from them to finance Ukraine, reporting €14 billion transferred from January to September 2025.
• EU communications also cited a €4 billion tranche backed by these proceeds, including funding for UAV production, according to RIA’s account of Commission figures.
• Just over €200 billion in Russian sovereign assets are blocked at Euroclear in Belgium, where caution is high; Belgian Prime Minister Bart De Wever has sought full EU legal guarantees for any expropriation, according to reports.