Kostin called the EU's attempts to confiscate Russian assets in favor of Ukraine lawless.

Europe's attempts to confiscate frozen Russian assets in favor of Ukraine are robbery and lawlessness. This opinion was expressed by Andrey Kostin, Chairman of the Management Board of VTB Bank, in an interview with Izvestia on December 2 at the Russia Forward! forum.

He also stressed that the European Union (EU) has not yet found a legally legitimate mechanism for the withdrawal of these funds.

"We need to put pressure, we need to file lawsuits, I think that <...> of course, we should not put up with this," Kostin said.

The chairman of the VTB Management Board added that decisions on the return of foreign companies to Russia will be made individually.

Europe has cornered itself with the desire to take away Russian assets. Analysis

Kostin said the day before that the funds from the seizure of frozen Russian assets would be used to support the conflict, not for peace. In addition, Kostin noted that the EU faces 50 years of litigation in the event of the seizure of assets of the Russian Federation.

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

Russian President Vladimir Putin, in turn, 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.

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