EU will not confiscate frozen Russian assets: They must remain immobilized until Russia ends its war against Ukraine – DW
The European Union has stopped discussing the confiscation of frozen Russian assets, they will remain frozen until Russia ends its aggressive war against Ukraine and compensates for the damage.
According to Censor.NET, this was reported by DW with reference to the text of the conclusions of the EU summit of March 20.
"In accordance with EU law, Russian assets should remain frozen until Russia ends its aggressive war against Ukraine and compensates it for the damage caused by this war," the text says.
It is noted that several EU countries opposed the confiscation of more than 200 billion euros of sovereign Russian assets. They argued that EU law, the danger of such a precedent for European competitiveness in the financial services market, the need to support Ukraine with interest on these funds, and the fact that this amount is a "card" in peace negotiations and a lever of influence on Russia.
At the same time, the document states that the EU is ready to further increase pressure on Russia, in particular by imposing additional sanctions and strengthening control over compliance with existing restrictions, in order to weaken its ability to wage war against Ukraine.
