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Moscow Warns EU's Plan on Russian Assets is 'Theft'

12/7/2025

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Nechaev Warns EU

Moscow's ambassador to Germany, Sergei Nechaev, warned that the European Union (EU)'s plan to use frozen Russian assets for Ukraine could have severe repercussions and called it 'theft'.
He argued it would damage the EU's business reputation and invite lawsuits.
The EU aims to allocate €90 billion over two years to support Ukraine amid escalating battlefield pressures, while Belgium's opposition remains a hurdle.

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Merz Advocates Ukraine Loan

German Chancellor Friedrich Merz traveled to Brussels to urge Belgium to back a €165 billion Ukraine loan backed by frozen Russian assets.
He met European Commission President Ursula von der Leyen and Belgian Prime Minister Bart De Wever.
De Wever opposes the plan, citing potential legal risks for Belgium.
Approval requires a qualified EU majority, but Belgium’s consent is essential before the 18 December summit.

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Nechaev Warns EU

Moscow's ambassador to Germany, Sergei Nechaev, warned that the European Union (EU)'s plan to use frozen Russian assets for Ukraine could have severe repercussions and called it 'theft'.
He argued it would damage the EU's business reputation and invite lawsuits.
The EU aims to allocate €90 billion over two years to support Ukraine amid escalating battlefield pressures, while Belgium's opposition remains a hurdle.

1 / 2