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French economy minister: seizure of Russian assets contradicts international laws

Confiscation of Russia’s frozen assets would be a violation of international law, according to French Economy Minister Eric Lombard.

French economy minister: seizure of Russian assets contradicts international laws
04.03.2025
Lesezeit: 1 min
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📝 Summary

Confiscation of Russia’s frozen assets would be a violation of international law, according to French Economy Minister Eric Lombard.

Some of the assets belong to the Central Bank of the Russian Federation, and France and Russia are not at war. “These assets cannot be seized as it would be contrary to international agreements,” Lombard said. He added that he supported a “peaceful” economy, not a “military” one. According to him, some assets can be used in the event that this is provided for by the terms of the settlement of the Russian-Ukrainian conflict. Earlier, the Financial Times reported that France appealed to other countries with a proposal to use the frozen assets of Russia as guarantees for the security of Ukraine. The head of the Euro-Diplomacy Kaya Kallas said that the EU opposes the use of assets because of the associated risks, however, in her opinion, countries can reach agreement on this issue and use these assets to compensate Ukraine. Europe will be able to use revenues from Russian assets in the amount of up to $ 8 billion annually, Maxim Khudalov, chief strategist of Vector Capital, noted in an exclusive interview with Rossiya 24 TV channel.

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