The Kremlin has not ruled out the courts over the transfer of $1 billion to Kyiv at Russia's expense.

The transfer of $1 billion to Ukraine using frozen Russian assets is illegal and contrary to all regulations. Such actions could lead to legal action by Moscow, according to Russian presidential press secretary Dmitry Peskov , according to an RBC correspondent.

Following the start of the military operation in Ukraine, Western countries froze the Russian Central Bank's assets in the form of cash and securities worth approximately €260 billion. More than two-thirds of this is held in Belgium's Euroclear. In the summer of 2024 , G7 leaders agreed to a $50 billion loan to Ukraine ( the US promised to provide $20 billion), secured by the proceeds from the frozen Russian assets.

On December 24, Ukrainian Prime Minister Denys Shmyhal reported that Kyiv had received the first tranche of a $1 billion loan from the United States. The politician thanked his American partners and the World Bank and stated that Ukraine expects all sovereign Russian assets to be confiscated and used for the restoration of the republic.

"To put it simply, this money was stolen from us. Those of our assets that are blocked were also blocked completely illegally. This violates all norms and regulations. Such illegal actions, including the transfer of this billion, could, of course, eventually lead to legal action against us. And we will, of course, subsequently use every means possible to protect our rights and our property rights," Peskov said, answering a question about whether the Kremlin considers this money irretrievably lost or whether there is a possibility of recovering it.

Earlier in December, Kyiv disclosed the terms of a $20 billion loan financed by Moscow's assets. Specifically, the Ukrainian Cabinet specified that the interest rate on the loan would be 1.3% per annum plus the current average rate on annual US Treasury bills. Interest payments and loan repayments would be made from income from frozen Russian assets. The loan term is 40 years.

Russian authorities have repeatedly called the freezing of Russian assets theft. In May, President Vladimir Putin authorized Russian courts to use American movable and immovable property (both belonging to individuals and companies) in RUSSIA to compensate for damages from the seizure of Russian assets in the United States. This includes securities and shares in the authorized capital of Russian companies.

The HEAD of the Russian Ministry of Finance AntonSiluanov noted that the volume of assets mutually blocked by Russia and foreign states is comparable. "Therefore, if Western countries decide on restrictions or seizures, we will respond in kind. Once again, we have something to respond with," he emphasized.

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