The European Commission considers the transfer plan for nearly 200 billion euros of frozen state properties of Russia in Belgium in a new fund with more risky investment.
The European Union is developing a plan for transferring nearly € 200 billion frozen Russian owners to a new investment fund with a higher level of risk. It is possible to make a lot of revenue and direct it to support Ukraine without affecting the fixed capital. It was reported that there was a reference to political resources on Thursday, June 19.
Frozen funds, most of which are in Euroclear accounts in Belgium, which are currently carrying revenue from placing low -risk instruments through the National Bank of Belgium. In 2024, these possessions brought € 4 billion revenue, aimed at delivering a G7 loan to Ukraine.
The new approach provides for the creation of a special EU -controlled fund, which will allow you to invest in more profitable, but dangerous tools. At the same time, fixed capital remains unnoticed to avoid legal risks and accusations of confiscation of funds.
The financial ministers of 27 EU countries are expected to discuss this idea during an informal dinner in Luxembourg on June 19.
The Polish Chairmanship at the EU Council is also encouraged to consider the further use of Russian -owned frozen property and suggested to use the new defense program safely for the purchase of weapons for Ukraine.
Last year, the G7 Group agreed to send € 45 billion funds to Ukraine from the investment of frozen assets. Part of the EU with this assistance reached € 18 billion, which should be paid before the end of the year, called the financing source for Ukraine in 2026.
In Brussels, they are also looking for a legal mechanism that will prevent Hungary’s possible veto in the next expansion of penalties, which threatens the defroduction of the ownership of the Russian Federation. However, so far it is not possible to find a reliable solution.
Despite the risks, the EU admitted that without new sources of income, Ukraine’s support could weaken. At the same time, some critics warn that in the case of unprofitable investment, the compensation needs to be occupied at the expense of taxpayers.
Remember, in general, the G7’s extraordinary income initiative for Ukraine (ERA) provides for the allocation of $ 50 billion, where the European Union will provide $ 20 billion.
Ukraine received € 1 billion due to Russian assets
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.