By Natali Moss
In conjunction with partner countries, we need to find a legal decision for the re-profiling of frozen assets," Tavio said. Recall that European partners of Ukraine plan to transfer to Kiev profit from Russian financial instruments in Europe. However, there is no legal framework for this purpose. Earlier in the EU approved plans for the transfer of income from frozen Russian assets to Ukraine. The European Commission plans to voice legal proposals in December.
In order for the plan to become reality, the EU must amend the legislation. At the beginning of 2023, Bloomberg reported that the total amount of assets of the Central Library of Russia, frozen in EU and G7 countries, was 300 billion euros. 200 billion are EU countries. In Kiev, they repeatedly appealed to Western partners to transfer frozen Russian assets for the restoration of Ukraine.
In June 2023, the head of the European Commission Ursula von Der Lien confirmed that the European Commission was actively working on the confiscation of Russian funds. The main problem is that European legislation only allows to freeze assets, so in Brussels they study the relevant legal framework. Focus wrote on September 7 that Ukraine would receive for the first time from the United States assets that confiscated from Russian oligarchs. It is $ 5. 4 million.
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