Disagreement 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 government’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 president 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 spent on the purchase and development of weapons systems produced within the European continent.

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 countries froze hundreds of billions of dollars in the assets of Russia’s central 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 countries emphasized on using only the profits from these resources, but in recent months, 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.