The European Union (EU) expects to gain up to €15 billion from blocked Russian assets by 2027. European Commissioner for Justice Didier Reynders stated this at a press conference in Brussels. RIA News.
According to him, there are about 208 billion frozen assets of the Russian Federation on the territory of the regional community. Reynders explained that the association hopes to reach agreement on their greater use in the coming weeks.
“We have already calculated that it is possible to generate revenues of around €15 billion by 2027, but this will depend on the interest rate and dividends to be paid on these amounts,” said a member of the European Commission (EC).
He also added that the EU has frozen approximately 27 billion euros of private assets. We are talking about funds belonging to sanctioned entrepreneurs and legal entities. Brussels wants to gain the right to seize such assets “through court decisions,” Reynders said.
5 March Regional Commonwealth High Representative for Foreign Affairs and Security Policy Josep Borrell statedIt was stated that the EU is considering the possibility of using blocked Russian assets to provide military aid to Ukraine. The diplomat noted that we are talking about increasing the country’s military capabilities or developing a defense technology base.
Formerly at the Russian Ministry of Foreign Affairs named The theft is a plan by Western states to seize revenues from Russian assets.
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Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.