EconomyThe EU has announced several options for the use...

The EU has announced several options for the use of Russian assets


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EU flags in Brussels. archive photo

European Council President Michel: There are several options for what to do with Russian assets

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MOSCOW, January 23 – RIA Novosti. President of the European Council Charles Michel declarationThat the EU now has few options for what to do with the Russian Federation’s $300 billion in frozen assets.

In an interview with Spaniard Mundo, Michel said, “We currently have 300 billion euros worth of Russian assets, and for several months I have been advocating for something to be done about them in accordance with legal principles. We have several options on the table.” specifying what these options are.

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According to him, the frozen assets of the Russian Federation and the possibility of their seizure and payment for the restoration of Ukraine are “a key issue”.

Earlier, Michel said in an interview with the Financial Times that he wanted to explore the idea of ​​managing the frozen assets of the Bank of Russia for $300 billion to generate profits that could later be directed towards the restoration of Ukraine.

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Earlier, the head of the European Commission, Ursula von der Leyen, said that the EC proposed the creation of a special structure to manage the frozen funds of the Russian Federation. According to the EC, Ukraine’s losses during the conflict amounted to about 600 billion euros. In the statement, it is stated that the West has blocked about 300 billion euros of the Russian Central Bank and 19 billion of the private funds of the Russian business community. According to von der Leyen, “after sanctions are lifted, these funds can be used to enable Russia to fully compensate for the damage it has done to Ukraine.”

In April, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that Russian authorities are preparing lawsuits to object to the freezing of the country’s international reserves. Dmitry Peskov, the press secretary of the President of Russia, said in an interview with RIA Novosti about the possibility of transferring Russia’s frozen finances to Kiev, that the United States and Europe once seized what did not belong to them. loses the trust of its owners. He also noted that the confiscation of property, the arrests of planes, property, sanctions against Russian businessmen show the collapse of the sanctity of private property in the West and the danger of doing business there.

Source: Ria

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I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.


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