The Kremlin threatens the West with years of trials and cyberattacks for trying to use its assets for Ukraine.

Russia is threatening to initiate lengthy legal disputes in international courts if the G7 countries and the EU decide to use the frozen assets of the Russian Central Bank to restore Ukraine, said the spokesman of Russian President Dmytro Peskov.

This is how the Russian politician commented on the intentions of the G7 countries and the EU to use Russian assets as collateral for issuing bonds to restore Ukraine.

In turn, as Politico writes, EU countries fear Russian retaliation and cyberattacks due to the possible confiscation of the assets. Several European officials have warned that the seizure could trigger a backlash against European assets in Russia. This is on top of the reputation of the Eurozone, which may suffer and become less attractive to investors.

Europe fears that Moscow may retaliate with complaints against the Euroclear international depository, which holds most of Russia’s reserves in Europe. Russia may also increase cyberattacks on Western financial institutions.