The State Duma called the use of income from assets of the Russian Federation by G7 countries a dangerous precedent.

The G7 countries' use of proceeds from frozen Russian assets sets a dangerous legal precedent and undermines confidence in the Western financial system. This was announced to Izvestia on October 6 by State Duma deputy Alexei Zhuravlev.

"Formally, this allows us to circumvent the direct ban on the confiscation of sovereign property, enshrined in international law. However, a dangerous precedent is being set: sovereign immunity ceases to be absolute if the country holding the assets qualifies the actions of their owner as aggression. This blurs the line between sanctions and expropriation. Russia and a number of analysts directly call this "theft" and "legalized robbery," Zhuravlev said.

According to him, the United States promised to contribute $20 billion, but transferred only $1 billion. The reason is the shifting of risks to the European Union (EU), since the bulk of assets (more than €210 billion) are concentrated in Europe, primarily in Euroclear.

Against this background, the deputy notes, Russia has moved to legal action. The Bank of Russia has filed a lawsuit against Euroclear in the Moscow Arbitration Court for 18.1 trillion rubles, as well as a lawsuit to the EU General Court challenging the indefinite freezing of assets. If these lawsuits do not lead to a result, Moscow may resort to retaliatory measures, including the seizure of assets of Western companies in Russia.

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Zhuravlev stressed that all this undermines confidence in the Western financial system. The head of Euroclear, Valerie Urbain, warned that the use of assets would destabilize the system, and the president of the European Central Bank, Christine Lagarde, insisted that otherwise the reputation of the euro would suffer. This threatens to withdraw funds from Europe and accelerate the abandonment of the dollar.

The EU directs revenue through the European Peace Facility, which finances Ukraine's military needs. The Russian Foreign Ministry qualifies this as financing terrorism, the deputy said.

"Euroclear already incurs direct costs. 200 additional employees have been hired to work with frozen assets. Belgium charges 30% windfall tax on income, but fears that this is not enough to cover possible losses," the MP said.

Zhuravlev also called the EU's position highly likely to be revised. So, EU leaders have already abandoned the plan to use assets for a loan, approving €90 billion in loans, and Belgium, Hungary, Slovakia and Italy are against escalation. However, the scheme has been launched, and the EU is likely to delay further tranches.

Earlier in the day, it became known that since the beginning of 2026, the G7 countries have provided loans to Ukraine for $10.5 billion from the proceeds from Russia's frozen assets, and the total amount of funds transferred has reached $49.4 billion. The scheme was approved in 2024 in the amount of about $50 billion, the first tranche of the United States amounted to $ 1 billion, after which no payments were made from their side. The main burden fell on other G7 participants: in 2025, they allocated $37.9 billion, and this year — $10.5 billion. Thus, the stipulated limit of financing from income from assets of the Russian Federation is almost exhausted.