“Believe that investing 200 billion euros of Russian funds in more risky investments will increase payments to Ukraine without affecting fixed capital”, – WRITE: www.radiosvoboda.org
According to the publication, EU management considers the possibility of transferring nearly 200 billion euros of frozen Russian state assets stored in Belgium into a new, more risky investment fund that will pay higher interest.
However, this step will not lead to the complete confiscation of Russian assets, which are opposed by some EU countries, including Germany and Italy, because of financial and legal problems.
The EU hopes that by spending only interest and leaving fixed capital intact, it will be able to avoid accusations of violation of international law, Politico writes.
Last year, the G7 countries agreed to provide Ukraine with 45 billion euros received from investing immobile sovereign assets.
However, the EU’s share of 18 billion euros in the G7 loan will be fully paid by the end of the year, which raises the question of how Ukraine will continue to meet its financing needs in 2026.
Ministers of Finance of 27 EU countries will start these discussions on Thursday on an informal dinner in Luxembourg. Separation on Thursday will be the beginning of many months in tense discussions, since European capitals with congested budgets are increasingly being broken between the continuation of Ukraine’s support and the implementation of domestic priorities.
As a potential bypass, EU officials consider the possibility of transferring assets from the Belgian company Euroclear to the “special purpose company” under the auspices of the European Commission.