How to use Russia’s central bank assets for Ukraine
- A bipartisan group of United States senators called on Secretary of State Marco Rubio to consider allocating $300 billion in frozen Russian assets to Ukraine's war effort, as stated in a March 21 letter.
- The decision to use frozen Russian assets to support Ukraine has faced various political and legal hurdles, according to discussions surrounding the funds that have been frozen since February 2022.
- Belgian Prime Minister Bart De Wever warned that confiscating Russian assets would be considered 'an act of war' and could destabilize the financial system globally.
- Spain's Foreign Minister Jose Manuel Albares emphasized the legitimacy of using frozen Russian funds to support Ukraine's defense at the upcoming G5+ meeting, suggesting it could function as advance reparations.
15 Articles
15 Articles
The EU has frozen hundreds of billions of euros in Russian assets. They are not confiscated to help Ukraine, but they are not returned to the Russian Federation either — while the war is going on Russians who are not under sanctions suffer from restrictio
Five million Russians, most of whom are not under Western sanctions, have been affected by the EU's freezing of Russian assets. Apparently, the EU is not going to meet these people halfway. Moreover, discussions about the possible confiscation of assets in favor of Ukraine continue in Brussels. Zhanna Nemtsova, co-founder of the Boris Nemtsov Foundation, who is engaged in fundraising, including among businessmen of Russian origin, believes that …
The G5+ puts pressure on Putin from Madrid: "We need him to accept the ceasefire now"
Increased spending on defence, messages to the US to put more pressure on Russia and for Putin to agree to the ceasefire proposed by Ukraine and requests for the EU to use frozen Russian assets as an advance for war reparations that will at some point be handed over to Ukraine. These were the issues to be addressed this morning at the Madrid Palace of Viana, where the fourth meeting of the G5+ took place, a ministerial meeting on European securi…
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