Bloomberg learns of two options for freezing Russian assets in the EU due to US concerns

23.07.2024 22:30

The European Union responded to US concerns and proposed options for freezing Russia's assets.

EU politicians have prepared two scenarios for the implementation of restrictive measures against Russian finances.

Bloomberg learned about the measures developed by European officials. Journalists refer to a draft document prepared by the EU.

The European Union has offered its member states two options for freezing assets belonging to the Bank of Russia for a longer period.

The measure is aimed at allaying US concerns. Washington is worried about the legal and financial aspects of issuing $50 billion in loans to Ukraine.

Money
Photo: © TUT NEWS

The return of these funds is planned through profits received from the reinvestment of Russian assets.

Two options were put up for discussion. In the first case, the EU proposes an indefinite freeze on assets, which will be reviewed regularly.

The second scenario envisages the extension of sanctions every 18, 24 or 36 months. Today, this procedure is carried out every six months.

Author: Dmitry Bobrov Editor of Internet resources