Response To EU Seizing Tranche Of Russian Assets 'Will Be Harsh'

Russian state media carrying comments from Foreign Ministry spox Maria Zakharova. Says that should the EU seize any tranche of Russian assets currently held frozen in European accounts or platforms, then 'the Russian Frederation will respond very harshly'.

• The comments come after European Commission High Representative for Foreign Affairs and Security Policy Josep Borrell confirmed after the 22 July Foreign Affairs Council meeting of EU foreign ministers that "On the windfall profits, I updated Ministers on progress towards the first transfer of €1.4 billion expected to happen at the beginning of August – next week. We are set to finance the acquisition of priority military equipment – once again, air defence, ammunition for artillery – and also, and this is new, procurement for the Ukrainian defence industry."
• Borrell and Zakharova are referring to EU plans to use windfall profits on EUR210bn of frozen Russian assets, primarily held at Belgium's Euroclear, to fund Ukraine's military resistance and rebuilding through the European Peace Facility.
• Earlier in July, Zakharova stated that “Our country has significant amounts of Western funds and property that are under Russian jurisdiction—all of this may be subject to Russian retaliatory policies and retaliatory actions. Of course, no one will disclose the nature of these retaliatory actions to you. But the arsenal of political and economic countermeasures is wide.”
• Foreign Policy reports that "Foreign assets worth around $194 billion are still in Russia. Of these assets, $32 billion worth are owned by U.S. companies, while $90 billion belong to European companies"