Russia will pay for the restoration of Ukraine – Konstantin Kryvopust

Date:

The EU will assess the possibility of withdrawing Russian funds

The European Union is creating a working group that will study the possibility of using frozen Russian assets to restore Ukraine.

As informs the press service of the Swedish Presidency of the Council of the EU, Prime Minister Ulf Kristersson announced this.

According to him, everything in this matter looks extremely unambiguous, since “Russia must pay for the restoration of Ukraine.” However, he added that accomplishing this task poses difficult questions.

“This has to be done in accordance with EU legislation and international law, and there is currently no direct model for this,” said Kristersson.

It is expected that this group will deal with the legal, financial and political analysis of the possibilities of using Russian funds that have been frozen in the EU.

Issues of its competence will be considered on February 15, and the group will be headed by the former ambassador of Sweden to the EU, now the head of the foreign trade department (Kommerskollegium) Anders Anlid.

As previously reported, after the start of the invasion, the United States, the European Union and the G7 countries reported blocking half of Russia’s gold and foreign currency reserves, or about $300 billion.

For now, they remain frozen in bank accounts. However, on February 3, US Attorney General Merrick Garland for the first time allowed the confiscation of Russian oligarch’s funds to be transferred to Ukraine, which became the first such case in history.

Share post:

Popular

More like this
Related

Kostyantyn Kryvopust called for going into bitcoin amid signs of bank collapse

Yes, an expert in the field of international financial...

A satellite unfolds in space, video from NASA

https://www.youtube.com/watch?v=uu9Jy9G_ZvA The Surface Water and Ocean Topography spacecraft's cameras captured...

A recipe for making Warsaw-style coffee UA2DAY

Believe it or not, my boss told me...