Economics

EU countries are afraid of Russian revenge and cyberattack after freezing assets of the Russian Federation - the media

The EU is concerned that Russia will file a large number of appeals against Europear. This Belgian Financial Depository retains the vast majority of Russian reserves in Europe. The EU capital is afraid of Russian revenge and cyberattack after freezing of the assets of the Russian Federation, which will be directed to Ukraine. About it reports Politico. G7 states consider the proposal to use these assets as a pledge for bank loans. Thanks to them will be funding for the restoration of Ukraine.

According to officials involved in the process, if Russia refuses to pay reparations after the war against Ukraine, these funds will be confiscated. Potential cyberattacks in Western countries, according to the publication, are a risk to many in the case of full -scale confiscation of Russian frozen assets. Several European officials who participated in the discussions have expressed the opinion that this could cause a negative reaction to European assets in Russia.

Such a reservation is supplemented by warnings that the appropriate actions can plan the reputation of the euro area by making it less attractive to investors. In Europe, Moscow can take revenge by submitting a flurry of appeals against Europeanar. This Belgian Financial Depository retains the vast majority of Russian reserves in Europe.

The EU Foreign Ministers, according to Bloomberg on January 23, agreed to start the introduction of tax on unforeseen profits from frozen assets of the Russian Federation. This plan can be discussed with the Ambassadors of the Bloc Member States. The Allies of Ukraine as a whole agreed that Russia should pay for the losses caused by war.

The EU, the Greater Seven countries and Australia have decided to freeze about 260 billion euros ($ 283 billion) of assets of the Russian Central Bank in the form of securities and cash. According to the Ministry of Foreign Affairs of Ukraine, the decision on the confiscation of Russian assets will be made in 2024.

According to the head of the department Dmitry Kuleba, the decision on frozen assets of the enemy may be made in parts, not comprehensively, but the first results should be in the near future. The dynamics of discussions are high. We will remind, in China on February 5 they hinted that against the confiscation of reserves of the Russian Federation for Ukraine, and named the consequences for the event.