US Transfer of Frozen Russian Asset Profits to Ukraine Labeled ‘Theft’ by Kremlin

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Moscow has branded as “theft” the United States’ $1 billion transfer to Ukraine via the World Bank, funding sourced from profits generated by frozen Russian assets, Kremlin spokesperson Dmitry Peskov announced Wednesday.

FILE – Russian President Vladimir Putin speaks during a meeting at the Foreign Ministry in Moscow, on Friday, June 14, 2024. Putin says that Moscow isn’t seeking quick gains in Ukraine and will stick to the current strategy of slow advances as it presses a grinding summer offensive. (AP Photo/Alexander Zemlianichenko, File)

“This money has been stolen from us. And those reserves that are blocked, they are also blocked absolutely illegally. This is contrary to all norms and rules,” Peskov stated, emphasizing Russia’s opposition to both the asset freezes and the use of their profits.

The Kremlin indicated it would pursue legal recourse, with Peskov declaring Russia would “use every opportunity to protect our rights and our property rights” against what Moscow views as illegal actions by Western powers.

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