FT: Germany opposes EC plan to seize Russian assets and transfer them to Ukraine

FT: Germany opposes EC plan to seize Russian assets and transfer them to Ukraine

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Germany opposes the plan of the European Commission to seize the frozen assets of the Russian Central Bank to restore Ukraine. The Financial Times newspaper writes about this with reference to high-ranking officials of the German government, excerpts are cited by RBC.

According to the publication, the German government said that Berlin is doing everything possible “within the law” to find and freeze the assets of Russian citizens and companies under sanctions, but the proposal to use Russian funds to restore Ukraine raised “complicated financial and legal issues” . German officials “doubt that Brussels will receive sufficient support due to too high legal risks.”

If Brussels takes money from the Russian Central Bank or income from investment, this will create a precedent, said one of the German officials quoted by the publication. He called the proposal of the European Commission to seize the assets of the Russian Central Bank “not working from a legal point of view”, recalling Poland’s demands for reparations.

Earlier, Bloomberg wrote that the EU is considering the possibility of transferring part of the profits received by financial institutions that hold blocked Russian assets to the restoration of Ukraine. In the Russian Federation they called it “theft”. “Theft of other people’s assets has never brought anyone to good,” Russian President Vladimir Putin said earlier.

Source: Rosbalt

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