Representatives of the EU and the European Commission held talks on options for transferring to Ukraine profits from almost 200 billion euros blocked in Belgium after the Russian invasion.
On May 24, EU and European Commission officials held talks on options for transferring Russian assets held by the world’s largest Belgian clearing company, Euroclear, to Ukraine.
This is reported Financial Times.
According to the newspaper, such a move will not lead to the expropriation of the assets themselves, but will mean increased financial pressure from the West on Russia.
According to the Belgian government, as a result of the sanctions imposed against Russia, 196.6 billion euros of Russian assets in Euroclear were frozen, of which 180 billion are assets of the Central Bank of the Russian Federation. In the first quarter of this year, the settlement company reported receiving 734 million euros of interest on them.
“It is not entirely clear who owns these percentages, their use in the interests of Ukraine is “uncharted territory”, but we believe that this can be done”– an insider familiar with the discussions told the publication.
The EU believes that a similar approach could be applied to a wider range of frozen Russian assets, including those stuck in Clearstream, a Luxembourg clearinghouse.
Head of the Office of the President of Ukraine Andriy Yermak commented on the material of the publication in his Telegram.
“The restoration of justice is the responsibility of Russian criminals for the war, as well as compensation for all evil”– wrote Yermak.
Earlier, we reported that the attack of the Russian army on Ukraine caused the Russian Federation to lose access to Western ATMs, without which the banking system cannot function normally.
We also wrote that Putin was forced to recognizes the negative effect of sanctions on individual industries and the economy as a whole.
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2023-05-25 09:18:22
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