Europe refused to use frozen Russian assets in favor of Ukraine
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Reuters: EU refuses to use Russian frozen assets in favor of Ukraine
European Union (EU) countries did not support Belgium’s proposal to use frozen Russian assets as collateral to raise funds for the reconstruction of Ukraine. Reuters reports this, citing European officials.
The agency’s interlocutor clarified that the use of assets as gold carries the same legal, economic and financial risks as confiscation.
“Most legal departments in G7 countries take this into account,” the publication said.
In addition, the author of the material clarified that it is not clear which organization will issue bonds.
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