OREANDA-NEWS  Russia's assets frozen in Europe were urged to be arrested as soon as possible in order to compensate for the Ukrainian damage. This was stated by the European Parliament in a resolution on continuing support for Kiev, RIA Novosti reports.

European politicians have stated the need to confiscate the blocked funds, based on the "firm belief" that Russia should financially compensate Ukraine for the damage it caused. Therefore, the European Parliament supported the EU's efforts to channel the proceeds from frozen Russian funds to military support for Kiev.

After the start of the Russian military operation in Ukraine, the European Union and the G7 countries froze almost half of Russia's foreign exchange reserves (about 300 billion euros, most of which are in the accounts of the Belgian depository Euroclear).

Saudi Arabia opposed the confiscation of Russian funds — representatives of the Persian Gulf country gave a "clear signal" to the European Union that they were ready to get rid of the union's securities if it decided to withdraw funds from the Central Bank. The Saudis alone will not harm the eurozone economy, but they can launch a chain sale of the EU national debt, which will worsen the weak economic indicators of the region, experts suggest.

Earlier, Estonia passed a law allowing the use of frozen Russian assets to help Kiev. The document allows the confiscation and use of property only of those who "actively participated in the commission of military aggression or violation of the norms of warfare."