EU to Use Frozen Russian Assets to Fund Ukraine's Military

Russia has warned the European Union of severe retaliation over its plan to use income from frozen Russian assets to support Ukraine. Russian Foreign Ministry spokeswoman Maria Zakharova condemned the EU's actions as illegal and damaging to the global financial system. The EU's plan involves using windfall profits from frozen Russian central bank assets for Ukraine's defense, a move supported by the U.S. and G7 negotiators. Russia's options for retaliation are limited, but it may target private investors' funds.