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Russia blasts US transfer of US$20 billion to Ukraine backed by frozen assets

MOSCOW - Russia’s Foreign Ministry said on Dec 11 that the US transfer to Ukraine of US$20 billion backed by frozen Russian assets was “simply robbery” and suggested Moscow could seize Western assets on its territory “to enhance industrial potential”.

“The provision by the US Treasury Department...of US$20 billion using income from operations of ‘frozen’ Russian sovereign assets essentially stolen by the G7 countries is simply robbery,” a statement on the ministry website said.

The statement said US President Joe Biden’s administration was trying “in a Russophobic frenzy to introduce as many anti-Russian sanctions as possible before it transfers power to D. Trump’s team on January 20th”.

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