A close ally of Vladimir Putin has warned the European Union against seizing £80 billion worth of Russian assets, saying the move could be seen as an act of war At least £180 billion in state and private Russian assets are frozen (Image: POOL/AFP via Getty Images)

The European Union has been warned that confiscating £80 billion of Russian assets could trigger WW3., Putin ally, Dmitry Medvedev, said that Russia would view such an action as a direct provocation, leading to "relevant implications" for the bloc.

In a statement, the politician said: "If the crazy European Union does, after all, try to steal Russian assets frozen in Belgium under the guise of a so-called 'reparations loan', Russia may well view this move as tantamount to a casus belli with all the relevant implicat

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