EU assesses consequences of using frozen Russian assets to support Ukraine - Bloomberg
The European Union is assessing the possible legal and financial consequences of the confiscation of frozen Russian assets to provide additional support to Ukraine,
This is reported by Bloomberg, Censor.NET informs with reference to Interfax-Ukraine.
"The union's diplomatic service, as well as some member states, are studying whether it is necessary to issue court decisions to legally justify the seizure of frozen assets, or whether calculating losses will be enough," the article says.
Particular attention to this issue is drawn to the likelihood of a reduction in US aid to Ukraine if Donald Trump returns to the presidency.
However, countries such as Germany, Belgium, and Luxembourg are expressing concern about the possible risks. They are assessing the impact of confiscation on the stability of the euro and the possible outflow of assets by third countries.
EU foreign ministers discussed this issue at a meeting in Brussels, and further discussions may continue at the EU leaders' summit on Thursday.
Earlier, the Cabinet of Ministers approved the terms of a 40-year loan of up to $20 billion from the US Federal Financing Bank (FFB). This program is part of a previously agreed G7 initiative to provide Ukraine with $50 billion from the proceeds of frozen Russian assets.
