The European Commission came to the conclusion that the European authorities are ultimately legally obliged to return to Russia the reserves of the Central Bank of the Russian Federation frozen on the territory of the union. Nevertheless, according to Interfax, citing the German media, the EC will try to take advantage of the situation.
According to a document at the disposal of journalists, European officials believe that the reserves can be invested and, at a minimum, provide Ukraine with the proceeds from this interest. The EC proposed to invest the frozen reserves of the Central Bank of the Russian Federation in European government bonds and expect a yield of 2.6%.
In the worst case, the losses from such an investment will amount to 4 billion euros, the media write.
Recall that earlier the leaders of the G7 countries, within the framework of sanctions against the Russian Federation due to the situation around Ukraine, decided to disconnect some Russian banks from the SWIFT international payment system, as well as introduce restrictive measures against the international reserves of the Central Bank of the Russian Federation. In turn, the head of the European Commission, Ursula von der Leyen, proposed using over 300 billion euros of blocked funds from the Russian Federation to help Ukraine.
The Kremlin said that “Russia will do everything possible” to prevent the seizure of frozen Russian assets.
Source: Rosbalt
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