News

EU ambassadors agree on confiscation of frozen assets of the Russian Federation

The ambassadors of the European Union have preliminary approved the proposal of the European Commission, which provides for the use of frozen assets of the Russian Federation for the purpose of “reconstructing Ukraine.” The Belgian Presidency of the European Union announced this on the social network X.

“EU ambassadors have just agreed in principle on a proposal to use proceeds from frozen assets to support the reconstruction of Ukraine,” the statement said.

Formerly head of the Italian Central Bank Fabio Panetta warned The European Union from possible confiscation of profits from Russian assets – in his opinion, the use of currency as a weapon inevitably reduces its attractiveness and contributes to the emergence of alternatives.

Earlier, international lawyer Dmitry Romanenko said that the confiscation of frozen funds from Russia would bring much more harm to the United States than to Russian clients whose money is at risk. Read more about this in material Public News Service.

Message EU ambassadors agree on confiscation of frozen assets of the Russian Federation appeared first on Public news service.

https://myboxingnews.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button