EU to discuss indefinite freeze on Russian assets

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Ambassadors of 27 EU member states will meet to discuss the European Commission’s proposal to “indefinitely immobilize” the Russian Central Bank’s assets, the newspaper reports Financial Times with a link to the document.

The meeting will take place on July 24th.

The day before Bloomberg reportedThe European Union has offered its member states two options for a longer freeze of the Central Bank of Russia’s assets, the EU said. The EU’s move is explained by the desire to present the US as a guarantee of compensation for the $50 billion loan promised to Ukraine for the reconstruction of the country, which is planned to be financed with the proceeds of the frozen funds of the Russian Central Bank.

July 22, High Representative of the European Commission for Foreign Affairs and Security Policy Josep Borrell statedHe said the first tranche of proceeds from Russian assets would be transferred to the European Commission in early August.

Formerly at the Russian Foreign Ministry stated On the issue of a harsh response to the tranche of income from Russian assets.

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