Many EU countries oppose the confiscation, focusing on the need to support Ukraine by interest from these funds.
The European Union did not confiscate the frozen possessions of the Russian Federation – many countries opposed it. Deutsche Welle reported this reference to the text of the final conclusion of the EU Summit of March 20.
The document indicates that the European Union has stopped discussing the confiscation of frozen Russian ownership.
“According to the law of the EU, Russia’s ownership may not be able to stand until Russia stops the aggressive war against Ukraine and is paid for the damage caused by an unleashed war,” the text said by the leaders of the European Union countries.
Against the confiscation of more than 200 billion euros of Russian ownership, many European Union countries oppose, focusing on their position:
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EU law,
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The risk of such a precedent for European competition in the financial services market,
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The need to maintain Ukraine for interest in these funds,
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Assets are a “map” in peace negotiations and a lever of influence in Russia.
“We are gradually coming to the idea that the party has been playing in relation to Ukraine, attitudes about peace negotiations, ceasefire, peaceful agreement, which can be signed three months and three years later. And in this regard, the understanding is that these properties will come to be more important than the conflict with them,”
The document refers to the readiness of the EU and then increase the pressure in Russia by introducing additional penalties and increasing control over compliance with existing restrictions.
Keep in mind that the EU’s Supreme Representative for foreign activities and security policy said Kai Callas said the EU authorities were working on a “realistic” plan for 5 billion euros for ammunition for Ukraine.
EU Summit Conclusion: The Russian Federation must show true readiness to end the war
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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.