“The European Union examines additional ways of using frozen assets of the Russian Federation in its territory, including their confiscation for damages to Ukraine. Source: Bloomberg with reference to sources, reports “European Truth” details: According to the agency’s interlocutors, EU officials discuss different ways of using Russian assets within the International Compensation Commission.”, – WRITE: www.pravda.com.ua
Source: Bloomberg with reference to sources, “European Truth” reports
Details: According to the agency’s interlocutors, EU officials discuss different ways of using Russian assets within the International Compensation Commission.
Advertising:
It is a mechanism that must be created under the auspices of the Council of Europe to compensate for Ukrainians from Russian aggression; In Ukraine, Ukraine was predicted in 2025.
Bloomberg sources say that the EU discusses the theoretical version of the confiscation of frozen assets of Russia if it refuses to compensate for losses.
The cost of confiscated assets will be compensated by Russia’s obligations to compensate for losses in a potential peace agreement, the agency’s interlocutors said.
Another option, which is discussed in the European Union, implies that Member States will have the authority to confiscate the sovereign assets of Russia to compensate for the destruction of Ukraine’s energy infrastructure, the agency’s material.
In this context, European officials find out whether such confiscation is possible on the basis, for example, the decision of the International Criminal Court and whether it complies with the Criminal Law of EU Member States.
According to Bloomberg, the option of complete confiscation of Russian assets was rejected by individual Member States, including Germany and France, because of the legal and economic consequences of such a step.
The EU, the Seven Group countries and Australia have frozen about $ 280 billion of assets of the Russian Central Bank in the form of securities and cash, mainly through the Belgian Clearing Center of the EuroClear.
The sanctions imposed against Russian citizens have led to freezing assets worth about $ 58 billion in assets.
That preceded: According to Reuters, Russia can agree to the use of $ 300 billion sovereign assets frozen in Europe to restore Ukraine, but will insist that some of this money is spent on a fifth of the country occupied by Russian troops.