EU countries froze more than 240 billion Euros of Russian assets

No time to read?
Get a summary

More than 240 billion euros of private and public assets of the Russian Federation have been frozen in European countries, and the European Union is currently working on a mechanism to transfer funds to Ukraine. In this respect stated Didier Reynders, European Commissioner for Justice, in his speech at the conference on “Restoring Justice for Ukraine” in The Hague.

According to parliamentarians, discussions on the transfer of Russian assets to Kiev, especially both private and state assets, continue.

Reynders announced that 37 billion Euros of private assets of Russian citizens and approximately 200-208 billion Euros of the country’s state assets have been frozen in European countries.

The European Commissioner also expressed hope that a decision will be made on the use of revenues from inactive assets of the Russian Federation. We are talking about 2-3 billion euros annually.

At the same time, the day before, European Commission Commissioner for Economic Affairs Paolo Gentiloni statedThere is no possibility of solving the problem in the EU regarding the use of income from frozen assets of the Russian Federation abroad.

Previously reportedThe three countries decided to deter the EU from seizing Russian assets.

No time to read?
Get a summary
Previous Article

TV Bilisim launched a solidarity campaign with the Red Cross

Next Article

The Federation Council said that Russia is ready for attacks on the Crimean Bridge from Ukraine