The EU seeks to outright confiscate Russian assets rather than just freeze them, but the bloc has yet to lay the legal groundwork for doing so, European Commission President Ursula von der Leyen said on Tuesday.

The official delivered her remarks during a conference devoted to the rebuilding of Ukraine, which was attended by a number of Kiev’s prominent international donors.

“Our aim is not only to freeze, but to seize the assets,” she said, although cautioning that establishing a legal base for such a move is “not trivial.”

According to von der Leyen, the EU has created a task force that includes various international experts “not only to map out what has been frozen,” but also to see what the legal preconditions would be for seizing Russian assets and using them for the reconstruction of Ukraine.

“The will is there, but legally it is not trivial, there is still a lot of work to reach that goal,” she reiterated, noting that the EU adheres to the rule of law, and therefore this process has to be “legally sound.”

Responding to von der Leyen’s remarks, Russian Foreign Ministry spokeswoman Maria Zakharova said that in reality the EU Commission president wants Russia to “exhaust itself being dragged through courts” while trying to retrieve its funds.

During the conference, von der Leyen stated that the World Bank had estimated the cost of the damage to Ukraine at €350 billion ($345 billion). Meanwhile, after Russia launched its military campaign in Ukraine in late February, a multinational task force froze $30 billion in funds belonging to Russian individuals, as well as $300 billion in assets of Russia’s central bank.

Russia strongly criticized the freezing of the funds, with Foreign Minister Sergey Lavrov saying that the West had essentially committed theft.

Western officials have repeatedly expressed the desire to confiscate Russian assets to benefit Ukraine. However, in July, during another conference on rebuilding Ukraine, Swiss President Ignazio Cassis opposed such a move, arguing that it would establish a dangerous precedent.

“You have to ensure the citizens are protected against the power of the state. This is what we call liberal democracies,” he said at the time.

Seize, not freeze: EU outlines plans for Russian assets « Aletho News

Views: 51

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Less Prone commented on Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
"Perfect for destroying the supply chain. It could well have been intentional."
9 hours ago
Less Prone favorited Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
9 hours ago
Doc Vega posted blog posts
11 hours ago
rlionhearted_3 posted photos
14 hours ago
rlionhearted_3 favorited Doc Vega's photo
14 hours ago
tjdavis posted a video

Alabama’s Biggest Secret - Operation Paperclip 🇺🇸

In the north of Alabama is the city of Huntsville. It's here where German scientists built NASA in secrecy after World War II. Operation Paperclip is still s...
17 hours ago
tjdavis posted a photo
19 hours ago
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Cheeki kea always nice to her you chime in and you're damn right! "
yesterday
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Les Prone thanks for your support Dude! "
yesterday
Doc Vega posted a photo

The inconvenient truth

Trump spells it out!
yesterday
Sandy posted a photo
Wednesday
Less Prone favorited Doc Vega's blog post What Made the Founding Fathers of America so Brilliant?
Tuesday
Less Prone commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Motives of Joe, to shit in the well by showing totally irrelevant proof?"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less, Motives of Wyatt or Joe? What archeologist wouldn't want proof of Jesus as part of his…"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less Prone, Considering Joe Rogan to be the gatekeeper of anything is just short of ridiculous the…"
Tuesday
Doc Vega posted a blog post
Tuesday
MAC posted a video

Don't Go To Hong Kong Now (Even on Connecting Flights)

Secure your privacy with Surfshark! Enter coupon code laowhy86 for an extra 3 months free at https://Surfshark.deals/laowhy86Article 23 in Hong Kong is real,...
Tuesday
cheeki kea commented on cheeki kea's video
Thumbnail

Terrorist Attack on Moscow - Ukraine Committing Suicide? | Larry C. Johnson

"...And I guess I'll just park this you tube here also for something to ponder from last year.…"
Tuesday
tjdavis posted photos
Tuesday
Less Prone posted a video

Climate: The Movie (The Cold Truth) NL

Deze nieuwe documentaire van de Britse filmmaker Martin Durkin toont aan dat klimaatalarm een verzonnen doembeeld is zonder enige wetenschappelijke basis. He...
Monday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted