The European official said this during a press conference in Brussels.
According to him, frozen Russian assets can be used not only for the reconstruction of Ukraine, but also in order to avoid “its complete destruction.”
“And this means to increase the military capabilities or defense-technological base of Ukraine,” TASS quotes Borrell.
He added that the possible use of profits from Russian assets to purchase weapons for the Armed Forces of Ukraine through the European Peace Fund “will be another step forward.”
Earlier, Russian Finance Minister Anton Siluanov said that freezing sovereign Russian assets is an ill-calculated step on the part of Western countries and decisions to seize these assets, if adopted, will cause great damage to Western companies.
Russian Foreign Minister Sergei Lavrov stressed that Russia intends to act individually in each specific case of confiscation of its frozen assets by Western countries.