The European Commission is developing a mechanism that would allow the transfer of nearly \u20ac200 billion in frozen Russian assets to support Ukraine\u2019s reconstruction after the war, Politico reports.<\/p>\n
Brussels is testing the readiness of national governments to channel these funds into riskier investments, which could generate additional revenue for Ukraine and increase pressure on Russia, which continues to refuse to halt hostilities.<\/p>\n
European Commission President Ursula von der Leyen stressed that work on the use of frozen Russian assets is ongoing, and these resources must contribute to Ukraine\u2019s defense and recovery.<\/p>\n
The scheme does not envision the immediate confiscation of assets, which most EU countries oppose due to legal and financial risks.<\/p>\n
The culmination of the debate will come at a Saturday meeting of the 27 EU foreign ministers in Copenhagen, where the proposal will be discussed for the first time.<\/p>\n
Within the Commission, the idea is being pushed by Economy Commissioner Valdis Dombrovskis and foreign policy chief Kaja Kallas.<\/p>\n
Some countries, particularly the Baltic states, support full confiscation of the assets, but this option is being blocked by several Western European governments.<\/p>\n
In 2024, the G7 countries agreed to provide Ukraine with \u20ac45 billion in profits from frozen assets, while leaving the assets themselves untouched.<\/p>\n
The Commission is also considering the creation of a special purpose fund modeled on the European Stability Mechanism. Such a structure would help avoid a veto from certain countries, notably Hungary, which could block the extension of sanctions against Russia.<\/p>\n
Meanwhile, skeptics, including Euroclear CEO Valerie Urbain, worry that EU taxpayers may ultimately have to cover losses if the riskier investments fail.<\/p>\n","protected":false},"featured_media":150182,"menu_order":0,"template":"","newscat":[9],"newstag":[],"issues":[],"class_list":["post-150181","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/150181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/150182"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=150181"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=150181"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=150181"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=150181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}