EU countries did not support Belgium’s proposal to use frozen Russian assets as collateral to raise funds for the restoration of Ukraine. The agency reported that Reuters.
“We know that the use of assets as collateral carries the same legal, economic and financial risks as confiscation,” the unnamed European official said.
He explained that most legal departments in G7 countries have taken this into account. The official explained that using it as collateral means ownership of the asset, that is, confiscation. The same version was confirmed to the agency by four other officials.
In the publication, attention was drawn to the uncertainty about which institution will issue the bonds.
Yesterday in the European Union scared Consequences of the seizure of Russian assets. According to Politico, Europe fears Russian cyber attacks on Western countries.
Formerly Ministry of Defense of Ukraine named Amount of military aid as of February 2022.