Russia said it would give a "painful response" to any European Union action that would involve seizing frozen Russian assets.
The warning came as EU leaders meet in Brussels to discuss a plan to use the assets as the basis for a €140 billion "compensation loan" for Ukraine.
"Any action with Russian assets without Russia's consent is invalid from the point of view of international law and treaties. There is no legal way to take someone else's funds without damaging the pocket and prestige of those who are expropriating," Russian Foreign Ministry spokeswoman Maria Zakharova told reporters.
Under the EU plan, Russian assets would not be seized and Russia would hold the money in the Belgian financial institution Euroclear.
But Zakharova said the plan showed that Europe "is no longer a safe haven for financial assets."
"By entrusting your funds to Western Europeans, including Euroclear, you now risk losing everything. We urge you to think twice before taking any risky action," Zakhatova said.
EU countries officially approved on Thursday the 19th package of sanctions against Russia for its war against Ukraine, which also includes a ban on imports of Russian liquefied natural gas.
European Commission President Von der Leyen reacted this Thursday morning to the 19th package of sanctions against Russia.
“EU member states have adopted our 19th package of sanctions against Russia. We are keeping the pressure high on the aggressor. For the first time, we are targeting Russia’s gas sector, which is the heart of its war economy,” European Commission President Ursula von der Leyen wrote on Platform X. “We will not back down until the Ukrainian people have a just and lasting peace,” she added.
The Russian Foreign Ministry reacted on Thursday to US and EU sanctions, saying that these sanctions worked against the bloc itself and that EU elites cannot accept that their sanctions will not work.
Russia's Foreign Ministry said US energy sanctions were extremely "counterproductive" to finding peace in Ukraine.
Russian intentions in Ukraine remain unchanged and the root causes of the conflict must be addressed, Russian Foreign Ministry spokeswoman Maria Zakharova told reporters in Moscow.
The US has imposed sanctions on Rosneft and Lukoil, Russia's two largest oil companies, as the Trump administration increased pressure on the Kremlin to negotiate an end to its war against Ukraine.
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