European Union member states did not support Belgium’s proposal to use Russia’s frozen assets as collateral to raise funds for the reconstruction of Ukraine. An unnamed EU official told Reuters about this.
“We know that using assets as collateral carries the same legal, economic and financial risks as forfeiture,” the source said.
According to him, the use of frozen Russian assets as collateral will mean ownership of these funds, that is, their confiscation. Four more officials from Brussels confirmed this version to the agency. Also in the European Union there is no understanding of which organization will take over the issue of bonds.
Earlier, the head of the European Council, Charles Michel, called the use of Russia’s frozen assets “a difficult task.” Read more about this in material Public News Service.
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