Luxembourg questioned the EU's ability to seize frozen assets of the Russian Federation

Luxembourg has questioned the reality of the European Union's (EU) initiative to use Russian frozen assets. Prime Minister Luc Frieden shared his conclusions on October 1 before the start of the EU summit in Copenhagen.

The politician stressed that this process is very complicated from the legal side, and it is not possible to simply seize the assets of another state.

"How will such a loan be repaid? What will happen if Russia does not pay these reparations under the peace agreement? All suggestions are welcome, but first we need to make sure it works in practice and determine who will be responsible in the end," Frieden said.

Weaning mechanism: London has stepped up attempts to steal Russian assets

The parliament is looking for "legal" mechanisms to cover the costs of Ukraine

The head of the European Commission, Ursula von der Leyen, promised yesterday that the EU would not seize Russia's frozen assets. According to her, the European Union has agreed with Ukraine to allocate €2 billion for the purchase of drones, which will allow Kiev to expand its capabilities and effectively use new technologies.

Kremlin spokesman Dmitry Peskov warned on October 1 that all persons involved in the confiscation of frozen Russian assets would be prosecuted. He added that these actions would lead to the destruction of trust in the principle of inviolability of property, which would be a serious blow to countries interested in investing.

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