The Kremlin on Friday said Western banks' legal departments understand the "catastrophic consequences" that would follow should the EU proceed with plans to confiscate Russian assets.
European Union leaders on Thursday agreed to move ahead with work on a plan to use up to $3.24 billion a year to supply arms to Ukraine as they try to bolster Kyiv's fight against Russia, which would still own the underlying frozen assets. EU leaders said the proceeds could be used within a few months.
Responding to Reuters' report that some banks fear that they might later be held liable by Russia if they are involved in any transfer of money to Ukraine, Peskov issued a thinly veiled warning.
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