EU envoys to discuss long-term freeze on Russia's assets

24.07.2024 10:05

Ambassadors from the 27 EU member states will meet on Wednesday to discuss the European Commission's proposals for the permanent immobilization of Russian assets.

The move is intended to allay US concerns about the central bank's plans to use frozen assets.

In this regard, G7 partners will gain predictability regarding the repayment of the Ukrainian loan, the Financial Times newspaper.

The European Union plans to repay the loan using profits from frozen Russian assets.

Previously, the US was hesitant to grant approval due to the lack of clear predictability on the issue.

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Photo: © TUT NEWS

The day before, the European Union sent member states two options for freezing the assets of the Central Bank of the Russian Federation for a long period.

The EU wants to demonstrate to the US a guarantee of compensation for the $50 billion loan promised to Ukraine.

Author: Elena Gutyro Editor of Internet resources