🚨 Heads up! At his annual press conference on Dec 19, Russian President Vladimir Putin warned of "severe" consequences if the EU moves to tap frozen Russian assets to finance Ukraine.
He slammed the proposal as an act of "robbery," saying it crosses a line and could trigger serious fallout. Frozen assets refer to billions of dollars in central bank reserves blocked by sanctions after Russia's 2022 invasion of Ukraine.
The EU has been debating how to support Ukraine's recovery, and using these funds is on the table. But such a move faces major legal hurdles—and, according to Putin, a harsh response from Moscow.
Potential retaliation could include cutting off energy supplies to Europe or restricting EU businesses in Russia. With energy prices still buzzing and supply chains to watch, young folks across Asia might feel the impact at the pump or in their inflation bills.
What's next? EU leaders will discuss this at the upcoming European Council meeting. Keep an eye on diplomatic back-and-forth—this could reshape global markets and politics. 🌍💸
Bottom line: Geopolitics isn't just headlines—it's about your daily life, from tech prices to travel plans. Stay tuned for updates and keep your notifications on! 🔔
Reference(s):
Putin warns of 'severe' consequences over 'robbery' of Russian assets
cgtn.com
