Back to today’s briefing

Story perspectives

Russian Banker Threatens Retaliation Over EU's Frozen Assets

12/2/2025

50 12 Full Breakdown

Summary

Story summary

Andrei Kostin, top Russian banker, warned Moscow would retaliate if the European Union used frozen Russian assets to loan Ukraine.
He said Russia could initiate extensive litigation over the funds and could seize European investors' assets in response.
The EU's plan to use €140 billion in frozen assets stalled after Belgium withheld support.
Kostin said he was open to splitting Russia's sovereign assets for a peace agreement.

1 of 1

Story summary

Andrei Kostin, top Russian banker, warned Moscow would retaliate if the European Union used frozen Russian assets to loan Ukraine.
He said Russia could initiate extensive litigation over the funds and could seize European investors' assets in response.
The EU's plan to use €140 billion in frozen assets stalled after Belgium withheld support.
Kostin said he was open to splitting Russia's sovereign assets for a peace agreement.