According to journalists, the European Commission is going to require securities depositories that own the assets of the Central Bank of the Russian Federation to place the profits received from them in separate accounts. This should help win over skeptics.
The European Commission wants to attract 15 billion euros from Russia’s frozen assets to transfer to Ukraine as financial assistance. The Financial Times reports this.
According to journalists, on December 12 in Brussels they will propose to limit the profits that were received from the frozen assets of the Russian Federation in the European Union. It is noted that this plan has been postponed since the summer of this year, as several EU member states and the European Central Bank announced certain legal and financial problems.
However, as reported, a new impetus came from attempts by the United States and the European Union to agree on additional financial support for Ukraine.
As Vice-President of the European Commission Valdis Dombrovskis told reporters, it is important to look at how Russian frozen assets and income from them can be used. He also noted that the G7 countries agreed to freeze Russian assets until Moscow compensates for the damage to Ukraine.
The publication writes that, according to sources, the European Commission is going to require securities depositories that own the assets of the Central Bank of the Russian Federation to place the profits received from them in separate accounts. This should help win over skeptics.
It is reported that the later arrivals will be transferred to the general account of the European Union. Heads of EU member state will need to unanimously support the plan, as well as implementation steps, before Ukraine receives the money.
Let us recall that the IMF assessed the pace of economic recovery in Ukraine. According to Kristalina Georgieva, the projected GDP growth of Ukraine is up to 4.5%. At the same time, inflation fell sharply in November to 5.1%, which, in her opinion, is “a dream for many countries that are not at war.”