For the transfer of frozen Russian assets to Ukraine, Tallinn is already creating a legal mechanism. In Germany, they also think about it, but they don’t want individual measures.
By the end of January this year, Estonia plans to create a legislative framework that will allow it to transfer Russian assets frozen by Tallinn to Ukraine. This, as reported on Monday, January 9, Bloomberg, said the official representative of the Estonian Ministry of Foreign Affairs, Mihkel Tamm.
Thus, Estonia may become the first state of the European Union to transfer Russian assets to Kyiv – in any case, other countries have not announced the imminent creation of such a mechanism, Bloomberg emphasizes.
Earlier, the same agency, citing sources in the German government, reported that Germany is also considering a possible transfer of Russian assets to Ukraine, where about 5 billion euros the frozen. However, Berlin is waiting for a consolidated position of the European Union and is not ready for risky individual steps that could lead to a wave of legal proceedings.
The total amount of Russian funds frozen by Estonia is $20 million. In total, the European Union has frozen Russian assets worth 68 billion euros, with 90 percent of this amount falling in Belgium, Luxembourg, Italy, Germany, Ireland, Austria and France.
Source: DW
It was previously reported that Estonia froze the assets of two oligarchs from Russia.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.