Europe has called for the proceeds from Russian frozen assets to be used to purchase aid to the Armed Forces of Ukraine.
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The European Union should consider using the proceeds from frozen Russian assets to purchase military equipment for Ukraine. European Commission President Ursula von der Leyen said this on February 28, speaking in the European Parliament, Reuters reports.
It’s time to start talking about using windfall profits from frozen Russian assets to jointly purchase military equipment for Ukraine,” she said.
According to von der Leyen, now “the risks of war should not be exaggerated, but we should be prepared for them.” Therefore, she called for the urgent restoration, replenishment and modernization of the armies of EU member states.
Let us recall that about 260 billion euros of assets of the Central Bank of Russia were frozen in the form of securities and cash in the jurisdictions of the G7 countries, the EU and Australia. Moreover, more than two thirds of them are immobilized in the EU.
On February 12, the Council of the European Union approved a resolution paving the way for a decision on the use of profits from frozen Russian assets for Ukraine.
Source: Reuters
Source: Racurs
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