Some German officials have spoken out against the European Union’s plans to use frozen Russian assets to rebuild Ukraine, believing that such a move could pose legal or financial risks. newspaper reports Finance Times.
A representative of the German Foreign Ministry told the broadcast that Russia will have to compensate for the damage it has done to Ukraine. In return, the German side will do “everything possible within the law” to find and freeze the assets of sanctioned Russian individuals and companies. The source also added that the idea of using Russian assets to restore Ukraine raises “difficult financial and legal issues”.
Another official said that if the European Union received money from the Russian Central Bank or profited from the investment of its funds, this could lead Poland to seek compensation from Germany for the damage it caused during the Second World War.
Another German official told the FT that Justice and Consumer Protection Minister Marco Buschmann had studied the EU’s plan to confiscate CBR assets and concluded that it was impossible to legally enforce.
formerly CNBC knowledgeableThe European Union is getting closer to devising a detailed plan to use frozen Russian assets for the rebuilding of Ukraine.