Bank of Russia had announced its decision to recover damages. (Image source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Russia on Saturday said the EU's decision to indefinitely freeze Russian sovereign assets is a targeted attack on peace efforts to resolve the Ukraine conflict, adding that Moscow would shortly take retaliatory steps.

On Friday, the European Union Council decided to "prohibit, on a temporary basis, any transfers of Central Bank of Russia assets immobilised in the EU back to Russia."

In a statement, it said the decision was taken as a "matter of urgency to limit damage to the Union’s economy."

Russian Foreign Ministry Spokeswoman Maria Zakharova in a press statement said that the timing of the EU decision shows that Brussels is seeking to

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