Disagreeme in Europe over the use of frozen assets of Russia – Mehr News agency RCO News Agency
According to the Mehr news agency, citing German media, the German governme’s proposal to use $106 billion from Russia’s frozen assets for the purpose of buying American weapons for Ukraine was opposed by France during a meeting on the sidelines of the Munich Security Summit.
According to this report, “Emmanuel Macron”, the preside of France, has emphasized in this meeting that the priority should be to support the European defense industry and that these financial resources can be spe on the purchase and developme of weapons systems produced within the European coine.
In this regard, the European Commission has also asked the member states of the Union to agree to use frozen sovereign assets of Russia to provide financial support to Ukraine. This proposal has been proposed in the form of a loan between 219 and 249 billion dollars.
At the same time, the Russian Foreign Ministry has rejected any obligation to pay compensation, calling the plans related to the use of Moscow’s assets “unrealistic” and accusing the European Union of confiscating Russian assets.
After the start of the Ukraine war in 2022, Western couries froze hundreds of billions of dollars in the assets of Russia’s ceral bank and institutions. Since then, there has been extensive debate in the EU and G7 about how the profits or principal of these assets should be used to support Kyiv. Earlier, some European couries emphasized on using only the profits from these resources, but in rece mohs, the idea of directly using the principal assets has also been proposed with the aim of long-term financing of Ukraine, which has been associated with legal and political challenges.
