Russian Assets Not the Focus Now, Brussels Says as Calls Grow Louder
5 Articles
5 Articles
Russian assets not the focus now, Brussels says as calls grow louder
The European Commission is not willing to reopen the contentious debate on the immbolised Russian assets, at least not without a guarantee of success. "Now, the focus is somewhere else," the executive insists.
The head of the Press Service of the European Commission, Paula Pinyu, ruled out the possibility of immediate confiscation of Russian assets in order to provide further financial support to Kiev. According to Pinyu, the European Union leadership is not yet planning to withdraw frozen Russian funds. Brussels intends to continue financing a neighbouring country without using these reserves, transfers TASS. "We are focusing on working truly very cl…
The European Commission has assured this Friday that it keeps "on the table" the possibility of using frozen Russian assets to finance Ukraine, after several Member States, including Spain, have demanded in recent weeks to resume the closed debate at the December European Council to make greater use of these funds for Kiev's benefit.
European Commission downplays focus on accessing Russian Central Bank assets
The European Commission downplayed the urgency to channel €210 billion in immobilised Russian Central Bank assets for Ukraine support, emphasising focus on a €90 billion loan disbursement and assessing Ukraine's budget shortfall. Officials indicate a cautious approach amid entrenched legal and political challenges.
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