Kostin commented on the possible seizure of frozen Russian assets.

Funds from the withdrawal of frozen Russian assets will be used to support the conflict, not for peace. This was announced on December 1 by the head of VTB Andrey Kostin in an interview with Reuters.

"The trouble is that this money can go to an armed conflict, not to peace," he said.

In addition, Kostin noted that the European Union (EU) faces 50 years of litigation in the event of the seizure of assets of the Russian Federation. The head of VTB also called waging a conflict with someone else's hands and money "the highest degree of grace for Europe."

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"

French President Emmanuel Macron announced on December 1 that the European Union would find a solution to use frozen Russian assets in the interests of Ukraine, while respecting international law.

The Financial Times newspaper reported on November 30 that the EU is exploring a new mechanism for the use of frozen Russian assets, including their transfer to a separate structure outside Belgium, in order to ensure stable financing for Ukraine.

Russian Foreign Ministry spokeswoman Maria Zakharova said on November 28 that any use of Russian assets by other countries is theft. She stressed that reports of Belgium's possible embezzlement of income from Russian assets require investigation.

Russian President Vladimir Putin said on November 27 that the confiscation of Russian assets located in the European Union would have negative consequences. The Russian leader noted that the government, on his instructions, is developing a package of retaliatory measures in case the assets are confiscated. The Head of State noted that it would become theft.

All important news is on the Izvestia channel in the MAX messenger.