An EC official said that at the time the Russian Federation began its massive invasion of Ukraine, “a very large amount of assets and income of the Central Bank of Russia (CRB) were in the EU.”
The European Commission approved a proposal for a legislative act on the use of income from Russian fixed assets to restore Ukraine. A high-ranking official of the European Commission told reporters about this today, December 12, in Brussels, writes Interfax-Ukraine.
It was noted that the text of the proposals will not be made public, it will be transferred to the European Council for study and subsequent decision-making, and its introduction requires the unanimous acceptance of all the member states of the European Union, so warned the official that he will not announce specific numbers and methods.
The official said that at the time the Russian Federation began its massive invasion of Ukraine, “a very large amount of assets and income of the Central Bank of Russia (CRB) were in the EU.”
“At that time, in a very short time – it was a matter of a few hours or days – the EU decided to immobilize these assets of the CBR that were in financial institutions on the territory of the EU. After that, no more transactions are possible. Subsequently, this created an extraordinary situation, especially for assets that do not act in the so-called central securities depositories (CD), financial institutions used for transactions between consumers and selling,” he detailed.
The European Commission considers that since these proceeds are obtained as a result of immobilization, they should be used to help rebuild and rebuild Ukraine.
“That’s the long-term goal. The short-term goal is to make sure it’s possible by doing two things: getting the board to manage and record all these revenues separately so they can be clearly identified in their accounting systems ” , using EU programs for this. This is what we are doing now. It is a proposal to immobilize this net income and secure it for future use,” he concluded.
It was previously reported that from January 31, 2024, the largest crypto exchange, Binance, will no longer support transactions in the Russian ruble.
Source: korrespondent
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