https://sputnikglobe.com/20240129/eu-ambassadors-agree-on-preliminary-plan-to-use-russian-frozen-assets-1116475521.html
EU Ambassadors Agree on Preliminary Plan to Use Russian Frozen Assets
EU Ambassadors Agree on Preliminary Plan to Use Russian Frozen Assets
Sputnik International
The EU permanent representatives agreed on the preliminary proposal of the European Commission on the use of income from Russian frozen assets, the Belgian Presidency of the Council of the EU said on Monday.
2024-01-29T19:53+0000
2024-01-29T19:53+0000
2024-01-29T19:56+0000
world
frozen funds
frozen assets
russia
ukraine
europe
belgium
european union (eu)
european commission
sanctions
https://cdn1.img.sputnikglobe.com/img/07e6/07/0c/1097233333_0:500:1536:1364_1920x0_80_0_0_a41b4dd75922cb0498d9cebeb177eec9.jpg
Earlier this month, Belgian Deputy Prime Minister and Finance Minister Vincent Van Peteghem said that the European Union has began technical work on the implementation of the proposal put forward by the European Commission at the end of last year to use the proceeds from Russia's frozen sovereign assets in the interests of Ukraine. "EU Ambassadors just agreed in principle on a proposal on the use of windfall profits related to immobilised assets to support Ukraine’s reconstruction," the Belgian Presidency said on X (formerly Twitter).Following the start of Russia's special military operation, the US-led West slapped widespread sanctions on Moscow, including freezing Russian assets worth approximately 300 billion euros ($329 billion). The bulk of this sum, approximately 200 billion euros ($221 billion), is being held in the European Union, predominantly in accounts at Euroclear, a European central securities depository.Russia has repeatedly warned that any attempt by the EU to confiscate Moscow's frozen assets would violate international law.In December, 2023, Kremlin spokesman Dmitry Peskov warned that the Western countries would face repercussions if they used Russia's frozen assets to assist Ukraine.
russia
ukraine
belgium
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
russian assets, confiscation of russian assets, frozen funds, frozen assets, illegal appropriation, illegal confiscation, illegal seizure, russian property, frozen property, aid to ukraine, support for ukraine, europe for ukraine, belgium for ukraine, weapons for ukraine, aid to ukraine, funding of ukraine, financial aid, military aid, confiscate money, us sanctions, eu sanctions, sanctions against russia
russian assets, confiscation of russian assets, frozen funds, frozen assets, illegal appropriation, illegal confiscation, illegal seizure, russian property, frozen property, aid to ukraine, support for ukraine, europe for ukraine, belgium for ukraine, weapons for ukraine, aid to ukraine, funding of ukraine, financial aid, military aid, confiscate money, us sanctions, eu sanctions, sanctions against russia
EU Ambassadors Agree on Preliminary Plan to Use Russian Frozen Assets
19:53 GMT 29.01.2024 (Updated: 19:56 GMT 29.01.2024) MOSCOW (Sputnik) - The EU permanent representatives agreed on the preliminary proposal of the European Commission on the use of income from Russian frozen assets, the Belgian Presidency of the Council of the EU said on Monday.
Earlier this month, Belgian Deputy Prime Minister and Finance Minister Vincent Van Peteghem said that the European Union has began technical work on the implementation of the proposal put forward by the European Commission at the end of last year to use the proceeds from Russia's frozen sovereign assets in the interests of Ukraine.
"EU Ambassadors just agreed in principle on a proposal on the use of windfall profits related to immobilised assets to support Ukraine’s reconstruction," the Belgian Presidency said on X (formerly Twitter).
Following the start of
Russia's special military operation, the US-led West slapped widespread sanctions on Moscow, including freezing Russian assets worth approximately
300 billion euros ($329 billion). The bulk of this sum, approximately 200 billion euros ($221 billion), is being held in the European Union, predominantly in accounts at Euroclear, a European central securities depository.
Russia has repeatedly warned that any attempt by the EU to confiscate Moscow's frozen assets would
violate international law.
In December, 2023, Kremlin spokesman
Dmitry Peskov warned that the Western countries would face repercussions if they used Russia's frozen assets to assist Ukraine.
