The fixed assets of the rich Russian could be used for the reconstruction of Ukraine after the war.
Authorities of EU countries have frozen the assets of Russian oligarchs as part of sanctions for the war against Ukraine in the amount of approximately 10 billion euros. On Wednesday, May 25, Spiegel reported in relation to data from the European Commission.
It is indicated that the list of frozen assets includes money, real estate, works of art and luxury yachts. At the same time, on April 8, their value reached nearly 6.7 billion. And the total value of Russia’s assets frozen in the EU, including these funds, at that time was approximately 30 billion euros.
Earlier, European Commission President Ursula von der Leyen authorized the use of these fixed assets to restore Ukraine. According to media reports, on Wednesday, May 25, the EC may make a legislative proposal that will allow the confiscation of Russia’s fixed assets.
And German Finance Minister Christian Lindner said Germany was ready to discuss it, but needed to distinguish between public and private funds, because the German Constitution contains guarantees for private assets.
Russia’s oligarchs want to pay billions in penalties in favor of Ukraine – media
News from Athletistic in the Telegram. Subscribe to our channel Athletistic
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.