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Kremlin Pledges Legal Action over Planned EU Transfer to Ukraine of Interest Accrued on Frozen Assets

A Yars intercontinental ballistic missile system drives out of a military shelter during, what Russia's Defense Ministry called, planned exercises of the Strategic Missile Forces in the Irkutsk region, Russia, in this still image from video released July 23, 2024. Russian Defense Ministry/Handout/Reuters
A Yars intercontinental ballistic missile system drives out of a military shelter during, what Russia's Defense Ministry called, planned exercises of the Strategic Missile Forces in the Irkutsk region, Russia, in this still image from video released July 23, 2024. Russian Defense Ministry/Handout/Reuters
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Kremlin Pledges Legal Action over Planned EU Transfer to Ukraine of Interest Accrued on Frozen Assets

A Yars intercontinental ballistic missile system drives out of a military shelter during, what Russia's Defense Ministry called, planned exercises of the Strategic Missile Forces in the Irkutsk region, Russia, in this still image from video released July 23, 2024. Russian Defense Ministry/Handout/Reuters
A Yars intercontinental ballistic missile system drives out of a military shelter during, what Russia's Defense Ministry called, planned exercises of the Strategic Missile Forces in the Irkutsk region, Russia, in this still image from video released July 23, 2024. Russian Defense Ministry/Handout/Reuters

The Kremlin on Tuesday called a European Union plan to use interest earned on frozen Russian assets to fund military aid to Ukraine "theft" and said it would take legal action against anyone involved in the decision.

The EU's top diplomat, Josep Borrell, on Monday said that the first tranche of 1.4 billion euros in military aid for Ukraine taken from proceeds earned on frozen Russian assets would be made in early August, Reuters reported.

"Such thievish actions cannot remain without reciprocity," Kremlin spokesman Dmitry Peskov told reporters. "This money is not only essentially stolen, but will also be spent on the purchase of weapons."

"Definitely, we will work out the possible legal prosecution of those people who are involved in decision-making and the implementation of these decisions, because this is a direct violation of international law, it is a violation of property rights."

After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West.

European Union countries are taking the interest earned on those frozen assets - essentially bonds and other types of securities in which the Russian central bank had invested - and putting them into an EU fund which will be used to help Ukraine.

15-20 billion euros

($16-$22 billion) in profits by 2027.

Putin says the West unleashed what he casts as an economic war against Russia but has touted both the resilience of the Russian economy, which grew 3.6% last year, and the failure of sanctions of stop Russian trade.

The Kremlin has repeatedly said that any seizure of its assets would go against all the principles of free markets which the West proclaims and that it would undermine confidence in the US dollar and euro while deterring global investment and undermining confidence in Western central banks.

The Russian Foreign Ministry on Tuesday said Moscow would have a tough response to Europe's use of any revenues from Russian assets, the state-run RIA news agency reported.

 

 

 

 

 

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World

EU to Slash Asylum Cases from 7 Nations Deemed Safe

FILE - A convoy of buses carry Syrian refugees who return home from Lebanon, arrive at the Syrian border crossing point, in Jdeidet Yabous, Syria, Tuesday, July 29, 2025. (AP Photo/Omar Sanadiki, File)
FILE - A convoy of buses carry Syrian refugees who return home from Lebanon, arrive at the Syrian border crossing point, in Jdeidet Yabous, Syria, Tuesday, July 29, 2025. (AP Photo/Omar Sanadiki, File)
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EU to Slash Asylum Cases from 7 Nations Deemed Safe

FILE - A convoy of buses carry Syrian refugees who return home from Lebanon, arrive at the Syrian border crossing point, in Jdeidet Yabous, Syria, Tuesday, July 29, 2025. (AP Photo/Omar Sanadiki, File)
FILE - A convoy of buses carry Syrian refugees who return home from Lebanon, arrive at the Syrian border crossing point, in Jdeidet Yabous, Syria, Tuesday, July 29, 2025. (AP Photo/Omar Sanadiki, File)

The European Union on Thursday said it would drastically reduce asylum claims from seven nations in Africa, the Middle East and Asia by considering them safe countries of origin, prompting widespread outrage from human rights groups on International Migrants' Day.

An agreement between European Parliament and the European Council, or the group of the 27 EU heads of state, said that the countries would be considered safe if they lack “relevant circumstances, such as indiscriminate violence in the context of an armed conflict.”

Asylum requests by people from Bangladesh, Colombia, Egypt, Kosovo, India, Morocco and Tunisia will be "fast-tracked, with applicants having to prove that this provision should not apply to them,” read the announcement of the agreement. “The list can be expanded in the future under the EU’s ordinary legislative procedure.”

In 2024, EU nations endorsed sweeping reforms to the bloc’s failed asylum system. The rules were meant to resolve the issues that have divided the 27 countries since well over 1 million migrants swept into Europe in 2015, most fleeing war in Syria and Iraq.

Under the Pact on Migration and Asylum, which goes into force in June 2026, people can be sent to countries deemed safe, but not to those where they face the risk of physical harm or persecution.

According to The Associated Press, Amnesty International EU advocate Olivia Sundberg Diez said the new measures were “a shameless attempt to sidestep international legal obligations" and would endanger migrants.

French MEP Mélissa Camara said the safe countries of origins concept and others agreed to by the Council and Parliament “opens the door to return hubs outside the EU’s borders, where third-country nationals are sometimes subjected to inhumane treatment with almost no monitoring” and “undoubtedly places thousands of people in exile in situations of danger.”

Céline Mias, the EU director of the Danish Refugee Council said that "we are deeply worried that this fast-track system will fail to protect people in need of protection, including activists, journalists and marginalized groups in places where human rights are clearly under attack.”

Alessandro Ciriani, an Italian MEP with the European Conservatives and Reformists group, said the designation sends a firm message that the EU has toughened its borders.

“Europe wants enforceable rules and shared responsibility. Now this commitment must become operational: effective returns, structured cooperation with third countries and real measures to support EU member states,” he said.

He said that clear delineations of safe and unsafe nations would rid the EU of “excessive interpretative uncertainty” that led to a kind of paralysis for national decision makers over border controls.

The measures also allows individual nations within the bloc to designate other countries safe for their own immigration purposes.

World

Rubio Says US Sanctioning ICC Judges for Targeting Israel

US Secretary of State Marco Rubio speaks to traveling journalists at the John C. Munro Hamilton International Airport in Hamilton, Ontario, on November 12, 2025 after the G7 foreign ministers meeting. (Photo by Mandel NGAN / POOL / AFP)
US Secretary of State Marco Rubio speaks to traveling journalists at the John C. Munro Hamilton International Airport in Hamilton, Ontario, on November 12, 2025 after the G7 foreign ministers meeting. (Photo by Mandel NGAN / POOL / AFP)
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Rubio Says US Sanctioning ICC Judges for Targeting Israel

US Secretary of State Marco Rubio speaks to traveling journalists at the John C. Munro Hamilton International Airport in Hamilton, Ontario, on November 12, 2025 after the G7 foreign ministers meeting. (Photo by Mandel NGAN / POOL / AFP)
US Secretary of State Marco Rubio speaks to traveling journalists at the John C. Munro Hamilton International Airport in Hamilton, Ontario, on November 12, 2025 after the G7 foreign ministers meeting. (Photo by Mandel NGAN / POOL / AFP)

US Secretary of State Marco Rubio said on Thursday that the US was sanctioning two judges of the International Criminal Court for targeting Israel.

"Today, I am designating two International Criminal Court (ICC) judges, Gocha Lordkipanidze of Georgia and Erdenebalsuren Damdin of Mongolia, pursuant to Executive Order 14203," Rubio said in a statement, referring to the order President Donald Trump signed in February sanctioning the ICC, Reuters reported.

"These individuals have directly engaged in efforts by the ICC to investigate, arrest, detain, or prosecute Israeli nationals, without Israel's consent," he said.

The United States and Israel are not members of the ICC.

The US sanctions in February include freezing any US assets of those designated and barring them and their families from visiting the United States.

World

US Imposes Sanctions on Vessels Linked to Iran, Treasury Website Says

A crew member raises the Iranian flag on Iranian oil tanker Adrian Darya 1, previously named Grace 1, as it sits anchored after the Supreme Court of the British territory lifted its detention order, in the Strait of Gibraltar, Spain, August 18, 2019. REUTERS/Jon Nazca
A crew member raises the Iranian flag on Iranian oil tanker Adrian Darya 1, previously named Grace 1, as it sits anchored after the Supreme Court of the British territory lifted its detention order, in the Strait of Gibraltar, Spain, August 18, 2019. REUTERS/Jon Nazca
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US Imposes Sanctions on Vessels Linked to Iran, Treasury Website Says

A crew member raises the Iranian flag on Iranian oil tanker Adrian Darya 1, previously named Grace 1, as it sits anchored after the Supreme Court of the British territory lifted its detention order, in the Strait of Gibraltar, Spain, August 18, 2019. REUTERS/Jon Nazca
A crew member raises the Iranian flag on Iranian oil tanker Adrian Darya 1, previously named Grace 1, as it sits anchored after the Supreme Court of the British territory lifted its detention order, in the Strait of Gibraltar, Spain, August 18, 2019. REUTERS/Jon Nazca

The United States imposed sanctions on Thursday on 29 vessels and their management firms, the Treasury Department said, as Washington continues targeting Tehran's "shadow fleet" it says exports Iranian petroleum and petroleum products, Reuters reported.

The targeted vessels and companies have transported hundreds of millions of dollars of the products through deceptive shipping practices, Treasury said.

Thursday's action also targets businessman Hatem Elsaid Farid Ibrahim Sakr, whose companies are associated with seven of the vessels cited, as well as multiple shipping companies.