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EC cannot seize Russian assets

Hungary's Foreign Minister stated there is no legal basis for such actions

Hungarian Foreign Minister Peter Szijjarto stated at press conferences that European countries have no right to seize Russian assets and transfer them to Ukraine. According to him, such steps lack legal grounds and pose a threat to peace. Szijjarto emphasized that any measures restricting the property rights of foreign investors must have a legal basis, not economic motives.

Summary:

Hungarian Foreign Minister stated that the EU has no right to seize Russian assets, citing lack of legal basis and threat to peace.