https://sputnikglobe.com/20240402/eu-make-no-decision-on-use-of-russian-frozen-asset-profits-in-near-future---official-1117698438.html

EU Hesitant on Making Moves to Use Russian Frozen Asset Earnings

EU Hesitant on Making Moves to Use Russian Frozen Asset Earnings

Sputnik International

EU Commissioner for Economic Affairs Paolo Gentiloni told Sputnik on Tuesday he saw no decisions made by the European authorities on the use of the profits from the Russian frozen assets in the near future.

2024-04-02T12:14+0000

2024-04-02T12:14+0000

2024-04-02T12:43+0000

economy

russian economy under sanctions

frozen assets

european union (eu)

paolo gentiloni

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"We are talking about 250 billion euros [$268.5 billion], we are talking about using profits from them. I do not see any decisions on this issue made [by the EU authorities] in the near future," Gentiloni said.Sputnik previously estimated that schemes to confiscate Russian assets could result in the West incurring around $288 billion in tit-for-tat retaliation. Last year, Russian President Vladimir Putin criticized the West's seizure of assets as "unseemly business" and emphasized that "stealing the assets of others has never led to positive outcomes."

https://sputnikglobe.com/20240125/west-could-face-300bln-boomerang-in-gamble-to-seize-russian-assets-sputnik-estimates-1116380567.html

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russian economy under sancton, frozen assets, russian assets, russian economy