2023-02-08 20:29:04
EU not going to confiscate Russian assets, only to 'invest' them for Ukraine's rebuilding
The European Union is considering the use of assets of the Central Bank of Russia to rebuild Ukraine, but only their possible investment, not confiscation, a senior European official told the media in Brussels.
The option of using the funds, investing them, multiplying, in order to use the proceeds to aid Ukraine is being considered, the source said.
There are certain legal obligations, but this is a regime of sanctions, not confiscation, they specified.
The sanctions regime involves using the funds, but they must be returned in case of a policy change.
No final decision will be made at the EU summit on February 9-10, the source said, adding that the EU still hopes to make some progress on the issue.
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