Supporting the Ukrainian military efforts with proceeds from frozen Russian assets violates the international law and will have consequences for the international financial system, said Ivan Chebeskov, Russian Deputy Minister of Finance, on Friday.
If the West acts on the related practices, Russia will act similarly, said Russian Finance Minister Anton Siluanov Thursday, adding that the country had already frozen the funds of the "unfriendly" companies and organizations and will direct revenues from the frozen assets for needs of the economy, and for needs of regions of the Russian Federation.
In February 2022, when the conflict between Russia and Ukraine escalated, the West froze about 300 billion U.S. dollars of Russian overseas assets.
In June this year, the leaders of the Group of Seven (G7) countries and the European Union agreed to use the proceeds of the frozen Russian assets as collateral for loans to Ukraine.
Russia warns of consequences of supporting Ukraine with frozen Russian assets
Russia warns of consequences of supporting Ukraine with frozen Russian assets
A cold front has brought snowfall and freezing temperatures across many parts of China, disrupting transportation and prompting emergency responses. On Sunday morning, many places in Handan City of north China's Hebei Province have experienced snowfall.
The province on Sunday activated a Level-IV emergency response for major meteorological disasters in preparation for incoming heavy snowfall.
According to the provincial meteorological observatory, heavy snow is forecast to hit areas including Shijiazhuang, Cangzhou and Hengshui from day to night on Sunday. Some regions may experience blizzard conditions.
Forecasters warn that the severe weather will disrupt transportation, urban services, and greenhouse agriculture.
Local authorities have been urged to closely monitor weather conditions, enhance risk assessment, and eliminate potential safety hazards.
China has a four-tier emergency response system, with Level I being the most severe response.
Starting early Sunday morning, a new round of snowfall began in areas such as Qingyang City and Dingxi City in northwest China's Gansu Province.
In order to ensure smooth traffic and people's normal life and production, local departments have made coordinated efforts to clear snow from roads.
Local traffic police have also increased presence at key areas to direct traffic and ensure timely response to emergencies.
In addition, widespread snowfall affected the northern parts of northwest China's Xinjiang Uygur Autonomous Region, posing challenges to urban transportation and railway operations.
Traffic police and city departments are mobilizing to clear roads and ensure safe travel for residents.
Railway authorities also implemented pre-arranged snow-response plans, using equipment such as wind-powered snow blowers and de-icing equipment to clear key sections of track and prevent switches from freezing.
The current round of snowfall in the northern parts of Xinjiang is expected to end on March 2. Some areas in east China's Shandong Province also experienced heavy snow on Sunday. At 11:00, the provincial weather service issued yellow warnings for icy roads.
At the Mount Tai scenic area in Tai'an City, the weather transitioned from a mix of rain and snow to snowfall during the day. As of 15:00 on Sunday, the average precipitation had reached 18.9 millimeters, with the snowfall still ongoing. To ensure the safety of visitors, the scenic area has decided to suspend all access routes starting from 16:00. On Sunday morning, cold air prompted snowfall in many places of north China's Shanxi Province. The Shanxi Provincial Meteorological Observatory issued a yellow alert for blizzard, covering areas such as Jinzhong City, Linfen City, and Yuncheng City.
Icy road conditions led to temporary traffic restrictions on several highway sections.
Local authorities promptly activated emergency response plans, deploying crews for snow removal and traffic control.
Snowfall hits many parts of China, affecting transportation
