Russia says no EU asset seizure if Russian assets are spared confiscation

An aerial view shot through a window shows Moscow International Business Centre, also known as Moskva-City, and its surroundings in Russia March 28, 2023. REUTERS/Maxim Shemetov

MOSCOW (Reuters) -Russia has no plans to seize any European assets, including companies and banks, but will consider its position if the European Union confiscates frozen Russian sovereign assets, a senior Finance Ministry official said on Wednesday.

As much as $250 billion worth of Russian assets have been frozen in the EU since the U.S. and its allies prohibited transactions with Russia's central bank and finance ministry after Moscow sent forces into Ukraine in February 2022.