Skip to main content
Advertisement
Live broadcast

Politico has learned about the EU's plans to profit from Russia's frozen assets

Politico: The European Union is going to extract more profit from the frozen assets of the Russian Federation
0
Озвучить текст
Select important
On
Off

The countries of the European Union (EU) intend to extract more profit from the frozen Russian assets through bypass investment schemes. This was reported by the Politico newspaper on June 19, citing sources.

"The EU leadership is considering the possibility of transferring almost €200 billion of frozen Russian state assets stored in Belgium to a new, more risky investment fund that will pay higher interest rates," the article says.

It is noted that such an initiative will increase payments to Ukraine without affecting the basic capital. At the same time, the EU expects to be able to avoid accusations of violating international law from Russia and other states.

In addition, as a potential workaround, EU officials are considering the possibility of transferring assets from the Belgian Euroclear depository to a "special purpose company" under the leadership of the European Union.

On May 13, it was reported that the UK was insisting on transferring frozen Russian assets to a separate fund. Supporters of this position believe that such a step could be a step towards the withdrawal of assets and their further transfer to Ukraine.

Переведено сервисом «Яндекс Переводчик»

Live broadcast