The media reported on the undermining of confidence in the EU in the event of the seizure of Russian assets

The confiscation of Russian monetary assets will cause irreparable damage to the reputation of the European Union (EU). This was announced on October 7 by columnist Mark Episkopos, in an article for the newspaper Responsible Statecraft.

"If the EU grants itself the right ex nihilo (lat. "creation from nothing" — Ed.), by requisitioning other people's assets, which is not established by international law and is not recognized by anyone else as a legitimate practice, this will be considered and is considered as expropriation in all but name, with all the ensuing consequences for the reputation of Europe," he said.

He also criticized the EU's idea of providing Ukraine with a "reparation loan" in the amount of 140 billion euros at the expense of frozen Russian funds.

Gathered for business: the West cannot come to an agreement on the assets of the Russian Federation

The ECB and a number of countries are skeptical about the "reparation loan"

Kremlin spokesman Dmitry Peskov said on October 7 that the Russian side was taking the necessary measures to ensure its interests against the background of the West's confiscation of frozen assets of the Russian Federation. He stressed that Russia would use all possible legal tools to protect the country's rights.

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