Next week, the European Commission will introduce a bill on the use of funds from Russian assets frozen as part of sanctions. This was reported by Reuters.
But the doubts of France, Germany and Belgium mean Ukraine is unlikely to receive the money anytime soon. The draft resolution is expected to be published on December 12, two days before the summit of leaders of the 27 EU countries, where the next tranche of financial and military aid to Kiev will be discussed, as well as support for Ukraine’s application for accession. European Union.
However, sources from the European Commission told the media that the document will not contain a direct proposal to transfer funds from these assets to the EU budget. They touched on litigation risks, the complexity of asset management and criticism from the ECB. At the summit, EU leaders are expected to not approve the initiative, but will instruct the governments of 27 countries to continue working on it. The agency therefore states that you should not expect a quick solution.
According to the European Commission, as part of the sanctions in the EU, 28 billion euros of private Russian assets and 207 billion euros of funds from the Central Bank of the Russian Federation were also blocked. 125 billion euros of this amount is in the accounts of the Belgian company Euroclear. Belgium estimates it will receive €2.3 billion in taxes on these assets in 2023-2024 and plans to use this revenue to help Ukraine.
Previously at IMF warned About risks in case of seizure of assets of the Russian Federation.
Previously in the European Parliament stated Ukraine falling into a “debt trap” from the European Union.