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EU to work on using frozen Russian assets to aid Ukraine after war
The European Union aims to address Ukraine's funding gap with a special fund using €200 billion frozen Russian assets while managing legal and financial risks, officials said.
- The European Union will explore using frozen Russian assets to support Ukraine's defense and rebuilding efforts, as stated by EU foreign policy chief Kaja Kallas on August 30.
- Approximately €210 billion of Russian assets are currently frozen in the EU due to sanctions related to the invasion of Ukraine.
- Belgium's Foreign Minister Maxime Prevot noted that discussing the seizure of assets is not realistic at this time, but it's agreed that Russia should pay for damages.
- Last year, the G7 nations, including the EU, decided to use profits from these assets to fund a $50 billion loan for Ukraine.
22 Articles
22 Articles
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AftonbladetPressure is growing in the EU to use frozen Russian assets to help Ukraine. – It is our obligation to do so, believes Foreign Minister Maria Malmer Stenergard (M).
The returns from riskier but more profitable investments could be a source of funding for Ukraine's reconstruction. The plan prevents the assets from returning to the Kremlin due to a Hungarian veto.
Brussels is accelerating the plan to use frozen Russian assets for the reconstruction of Ukraine. EU foreign ministers are meeting in Copenhagen today to discuss the mechanism. Currently, only 45 billion are being used for the benefit of Ukraine. The European Commission is preparing a mechanism through which almost €200 billion of frozen Russian assets will be used to support the reconstruction of Ukraine. Until now, only the income generated by…
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