Russia's EU envoy assessed the possibility of unblocking Russian assets

Brussels takes an uncompromising stance on the "freezing" of Russian state assets, the Russian post mission to the EU has told Izvestiya.

The process is underway: Russians were able to unblock more than half of their assets

But it will be more difficult to unfreeze funds further - what other options do investors have?

"Moreover, the fraudulent initiative of the G7 on lending to Ukraine (ERA), in which the EU plays the main role, is based on the use of profits from the management of blocked Russian state assets. At the same time, the Russophobic Russophobes in the EU suggest that we should not stop here and agitate for the complete confiscation of our assets," the Russian representation in the EU told Izvestia.

In the summer of 2024, the G7 countries agreed on a mechanism (Extraordinary Revenue Acceleration for Ukraine or ERA), through which Kiev is granted a loan of about $50 billion, secured by interest on Russian assets.

Read more in Izvestia's exclusive piece:

Block signal: EU position on Russian assets hinders settlement in Ukraine