The head of the Estonian Ministry of Foreign Affairs, Markus Tsahkna, said Tallinn plans to become the first country in the European Union to legalize the seizure for later use of Russian-sanctioned assets “with the aim of re-establishing Ukraine”. This has been reported Bloomberg.
Tsakhkna stressed that the country’s government plans to approve a similar bill within the next two weeks and submit it to parliament for approval.
He added that Tallinn insists on reaching an agreement on the pan-European plan for the confiscation of frozen Russian assets.
In his opinion, such a law would “really hit Moscow and Russian trade”, but inevitably lead to lawsuits from the Russian Federation.
The publication states that this could affect around 35 million Euros of Russian assets stored in Estonia.
Before that, the U.S. Department of the Treasury declarationIt was stated that the sovereign assets of the Russian Federation, blocked under sanctions due to the conflict on the territory of Ukraine, are temporarily estimated at $ 280 billion and are mostly located in the European Union.
Previously at the European Commission in your name The amount of sovereign assets of Russia frozen in the European Union.