EU's Kallas: Russia Will Not Regain Frozen Assets Without Reparations
European Union foreign policy chief Kaja Kallas addresses the possibility of returning Russian assets under sanctions, emphasizing the need for reparations.
European Union foreign policy chief Kaja Kallas has stated that it is improbable for the bloc to return Russian assets frozen due to the war in Ukraine unless Moscow pays reparations.
This declaration was made during a press conference prior to an EU foreign ministers' meeting in Copenhagen, highlighting the complex discussions surrounding the sanctions against Russia.The European Union claims that approximately 210 billion euros worth of Russian assets are currently frozen within its borders as part of the economic sanctions imposed following Russia's invasion of Ukraine.
This move has sparked debates among member states, with Ukraine and several EU countries advocating for the confiscation of these assets to support Kyiv both financially and militarily.However, France and Germany, alongside Belgium which holds the majority of the frozen assets, have expressed reservations against confiscation.
Their main concerns revolve around the legal implications and potential misuse of such a move.
They propose utilizing future profits from these assets to repay support provided to Ukraine.Diplomatic discussions are now focusing on how these funds should be utilized once the conflict in Ukraine comes to an end, rather than debating their seizure.
This declaration was made during a press conference prior to an EU foreign ministers' meeting in Copenhagen, highlighting the complex discussions surrounding the sanctions against Russia.The European Union claims that approximately 210 billion euros worth of Russian assets are currently frozen within its borders as part of the economic sanctions imposed following Russia's invasion of Ukraine.
This move has sparked debates among member states, with Ukraine and several EU countries advocating for the confiscation of these assets to support Kyiv both financially and militarily.However, France and Germany, alongside Belgium which holds the majority of the frozen assets, have expressed reservations against confiscation.
Their main concerns revolve around the legal implications and potential misuse of such a move.
They propose utilizing future profits from these assets to repay support provided to Ukraine.Diplomatic discussions are now focusing on how these funds should be utilized once the conflict in Ukraine comes to an end, rather than debating their seizure.
