Baiden's administration is disappointed by the reluctance of Europe to confiscate assets of the Russian Federation because of fears - the media
The US and Europe, according to the message, cannot agree on how far they should go, forcing Russia to pay for Ukraine's restoration. The idea is to confiscate assets owned by the Russian Federation, which were frozen after the Russian invasion of the territory of Ukraine two years ago. This plan is actively supported by US Presidential Administration Joe Baiden, but now the most influential governments of Europe in Paris, Berlin and Rome have not been convinced.
Washington's politicians increase pressure on their allies to stop hanging because it would be an unprecedented step related to legal, ethical and political difficulties. The Atlantic Council analyst and a leading expert on Russian frozen assets Charles Lichfield commented on the situation. He stressed that from a moral point of view, this decision looks right, but Europeans are inconvenient to do it without a more reliable legal framework that has not been found.
"It has never been one to capture the country's reserves before," he explained. Washington's determination, according to the material, has caused anxiety in European governments, which fear that such a step scared investors into the euro. Others are afraid that Moscow can take revenge by attacking European assets in Russia and starting cyberattacks against Western countries.
The problem for the United States is that the vast majority of assets are stored in Belgium, in the EuroClear securities depository-America only retains small amounts-so any step in confiscation requires Europe's approval. It is hoped that a group of leading industrialized G7 countries will develop a common position this year.