Belgian Prime Minister Alexandre de Croo said the European Union plans to take up to 3 billion euros annually from Russia’s frozen assets in favor of Ukraine. This statement was made on the Friday night after the first day of the EU summit in Brussels. It has been reported TASS.
The European politician stated that Belgium has great interest in this issue, as 90 percent of the frozen assets are located here. According to him, EU officials pay special attention to superprofits.
Stressing that “the method of obtaining these funds must be legally stable,” he said, “We are talking about an amount of up to three billion euros that can be received per year.”
On 27 June, the European Commission He insisted Confiscation of frozen assets of the Central Bank of the Russian Federation. Since February 24, 2022, the EU and G7 countries have blocked approximately €300 billion ($328 billion) of Russian central bank assets on their territory as part of their sanctions policy.
The World Bank estimates that Ukraine needs $411 billion to rebuild within a decade, and Kiev’s European allies are exploring the use of Russian assets for this purpose.
Former US Treasury extended sanctions against Russia.