In Europe they came up with a “secret plan” to confiscate Russian assets
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FT: Europe has come up with a “secret plan” to confiscate Russian assets
Europe has come up with a new “secret plan” to confiscate Russian assets. It involves financing Kyiv through debt obligations, which will be secured by Russian assets, writes the Financial Times newspaper.
According to the publication, Ukraine’s allies will demand that Russia repay the debt, and if it does not, Moscow’s frozen assets will be confiscated. The initiative was taken by Belgium, where a significant part of the frozen assets worth 191 billion euros is stored.
This scenario is now considered as the main option for unblocking the use of Russian funds. This will make it possible to send money to Kyiv immediately, “borrowing” it against Russian assets.
Major EU countries oppose direct confiscation, they believe it will harm financial stability because other countries will begin to withdraw their money from Western funds.
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