Europe has promised to force the Russian Federation to pay for the war in Ukraine, but it is difficult to achieve it - NYT
According to journalists, to force to pay for the destroyed cities of Ukraine, Russia was more difficult than previously assumed. Thus, the confiscation of Russian assets in the amount of more than $ 330 billion will violate international law and potentially create a dangerous precedent for countries who want to take possession of other people's finances.
According to the material, in accordance with international law, assets may be confiscated as a result of voting in the UN Security Council, the decision of the International Court or the post -war agreement. But so far, none of these options seems very likely.
Journalists stated that they got acquainted with the confidential report, which states that in Europe they believe that there is no reliable legal remedy that allows to confiscate frozen or immobilized assets only on the grounds that they fall under the restrictive measures of the EU. that there is another idea. It is about sending profits of companies that own Russian assets for the benefit of Ukraine. It will be possible to send about $ 3. 3 billion a year.
But even such an idea, according to journalists, aroused concern to the European Central Bank. The publication writes that most Russian funds, about $ 217 billion, have been frozen in the European Union. Therefore, the EU has promised to introduce "to the summer holidays" a legitimate way of using these assets in favor of Ukraine, but the last term has already expired, and therefore any proposal will be considered later.
EU officials fear that any decision will harm the euro reputation as the second most popular currency after the US dollar, and will signal to foreign investors that their money in Europe is not safe. It should be reminded that on July 27 it was reported that the NBU predicts the acceleration of growth of the Ukrainian economy. The National Bank reported that the rapid slowdown in inflation and the stable situation in the foreign exchange market made the start of the discount rate cycle.