EU lawyers have developed a procedure that will ensure a decision on a “reparation loan” for Ukraine of a qualified majority.
Hungarian prime minister Viktor Orban is preventing the EU’s plan for stealing 140 billion euros from frozen Russian owners and the transfer of this amount to credit in Ukraine. However, the European Commission has found a legal way to exclude Hungary from the decision -making process. It was reported by American Publication that politicians, which refer to resources.
Such a radical event, such as Brussels’s plan for seizing Russian reserves, requires a united solution to 27 member countries, which really “improves” Veto Orban, known for close ties with Russian dictator Vladimir Putin.
EU lawyers have developed a procedure that will ensure a decision on the proposed “reparation loan” for Ukraine with a qualified majority. The European Commission relies on many conclusions of the European Council, where all EU leaders, including Orban, agreed on December 19, 2024.
“Russia’s properties should remain frozen until Russia has stopped an aggressive war against Ukraine and pay for the damage caused by this war,” the meaning said.
At that time, this statement was interpreted which meant the property should remain frozen with the Euroclear Bank and beyond the reach of the Russian Federation, while interest could be used for military needs.
The commission’s new argument is that this statement provides a sufficient cover to change the rules from a united decision to a qualified majority. It requires the permission of all or most countries.
However, it is not easy to achieve a broader agreement: there is other friendly friend in the Russian Federation, for example, Slovakia on the potential list.
The Belgian government also opposed, “afraid that the seizure of funds may be subject to Belgium and Euroclear, a financial organization, which hides frozen states of the Russian state, and persecuted the Moscow judicial judicial.” However, Belgian authorities admitted that they were willing to discuss this issue. In addition to this, Belgium as a full support of the appropriate steps against the Russian Federation, unlike Hungary and Slovakia.
EU leaders will meet next week in Copenhagen, where a loan discussion planned.
Germany, Spain, Poland and the Baltic countries are major supporters of the European Commission Plan. France and Italy are careful about innovations for the use of state frozen assets.
Note, earlier the media wrote that the European Commission had planned to defend nearly 550 million euros from the EU fund for Hungary to overcome the resistance of prime minister Viktor Orban in a new package of sanctions against Russia.
Trump and Orban talk about Russian Federation’s energy sources
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
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.