Russian govt considering measures to retaliate to possible confiscation of Russian assets abroad - Putin

MOSCOW. Nov 27 (Interfax) - The possible confiscation of Russian assets, which has recently been discussed by the European Union, will have negative consequences for the global financial system, the Russian government is considering retaliatory measures should such decision still be made, Russian President Vladimir Putin said.

"Hungary is a member of the EU, and therefore, the prime minister of an EU country knows better how it may reflect on the European currency. Clearly, it will have negative consequences for the global financial system because confidence in the Eurozone will sharply decline. And amid the problems in the economy, where the locomotive of the European economy - the German economy - has been in recession for three years now, it will, of course, it seems to me, be a difficult test," Putin told a press conference in Bishkek, commenting on the statement by Hungarian Prime Minister Viktor Orban, who criticized the idea of confiscating frozen Russian assets to finance the so-called reparation loan to Ukraine.

"The Russian government is considering a package of retaliatory measures on my orders, should that happen," Putin said.