Moscow Warns of End to Russia-US Ties if Assets Seized

A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov
A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov
TT

Moscow Warns of End to Russia-US Ties if Assets Seized

A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov
A general view on the headquarters of the Russian Foreign Ministry in Moscow, Russia April 29, 2022. REUTERS/Maxim Shemetov

Any possible seizure of Russian assets by the United States will completely destroy Moscow's bilateral relations with Washington, TASS quoted the head of the North American Department at the Russian foreign ministry as saying on Saturday.

Russia's relations with the West have deteriorated sharply since Moscow sent tens of thousands of troops into Ukraine on Feb. 24, calling it a "special military operation".

The West responded with unprecedented economic, financial and diplomatic sanctions, including freezing around half of Russia's gold and foreign exchange reserves that stood near $640 billion before Feb. 24.

Top Western officials, including European Union foreign policy chief Josep Borrell, have suggested seizing the frozen reserves to help fund the future reconstruction of Ukraine.

"We warn the Americans of the detrimental consequences of such actions that will permanently damage bilateral relations, which is neither in their nor in our interests," Alexander Darchiev told TASS in an interview.

According to Reuters, it was not immediately clear which assets he was referring to.

The United States and its European allies have also frozen $30 billion of assets held by wealthy individuals with ties to Russian President Vladimir Putin, including yachts, helicopters, real estate and art, according to the Biden administration.

The US Department of Justice was seeking broader authority from Congress to seize Russian oligarchs' assets as a means to pressure Moscow over its actions in Ukraine, a prosecutor said in July.

Darchiev also said that Russia warned the United States that diplomatic ties would be badly damaged and could even be broken if Russia is declared a state sponsor of terrorism.

Speaking about the situation in Ukraine, Darchiev said that the US influence on Kyiv had increased to the degree that "Americans are increasingly becoming more and more a direct party in the conflict".



China’s Foreign Minister Warns Philippines over US Missile Deployment

 China's Foreign Minister Wang Yi attends the 14th EAST Asia Summit Foreign Ministers' Meeting in the 57th ASEAN Foreign Ministers' Meeting at the National Convention Center, in Vientiane, Laos July 27, 2024. (Reuters)
China's Foreign Minister Wang Yi attends the 14th EAST Asia Summit Foreign Ministers' Meeting in the 57th ASEAN Foreign Ministers' Meeting at the National Convention Center, in Vientiane, Laos July 27, 2024. (Reuters)
TT

China’s Foreign Minister Warns Philippines over US Missile Deployment

 China's Foreign Minister Wang Yi attends the 14th EAST Asia Summit Foreign Ministers' Meeting in the 57th ASEAN Foreign Ministers' Meeting at the National Convention Center, in Vientiane, Laos July 27, 2024. (Reuters)
China's Foreign Minister Wang Yi attends the 14th EAST Asia Summit Foreign Ministers' Meeting in the 57th ASEAN Foreign Ministers' Meeting at the National Convention Center, in Vientiane, Laos July 27, 2024. (Reuters)

Chinese Foreign Minister Wang Yi has warned the Philippines over the US intermediate-range missile deployment, saying such a move could fuel regional tensions and spark an arms race.

The United States deployed its Typhon missile system to the Philippines as part of joint military drills earlier this year. It was not fired during the exercises, a Philippine military official later said, without giving details on how long it would stay in the country.

China-Philippines relations are now at a crossroads and dialogue and consultation are the right way, Wang told the Philippine Foreign Secretary Enrique Manalo on Friday during a meeting in Vientiane, the capital of Laos where top diplomats of world powers have gathered ahead of two summits.

Wang said relations between the countries are facing challenges because the Philippines has "repeatedly violated the consensus of both sides and its own commitments", according to a Chinese foreign ministry statement.

"If the Philippines introduces the US intermediate-range missile system, it will create tension and confrontation in the region and trigger an arms race, which is completely not in line with the interests and wishes of the Filipino people," Wang said.

The Philippines' military and its foreign ministry did not immediately respond to requests for comment on Wang's remarks.

China and the Philippines are locked in a confrontation in the South China Sea and their encounters have grown more tense as Beijing presses its claims to disputed shoals in waters within Manila's its exclusive economic zone.

Wang said China has recently reached a temporary arrangement with the Philippines on the transportation and replenishment of humanitarian supplies to Ren'ai Jiao in order to maintain the stability of the maritime situation, referring to the Second Thomas Shoal.

Philippine vessels on Saturday successfully completed their latest mission to the shoal unimpeded, its foreign ministry said in a statement.