The European Union is currently facing a financial deficit and has announced the need for at least €60 billion to support Kyiv. EU officials made a statement about this. They emphasized that further financial resources are needed to continue comprehensive assistance to Ukraine, so Brussels is also considering the possibility of using Russia's frozen state assets.
Currently, there is no consensus among EU members on how to use these funds. Some countries advocate for the complete confiscation of frozen assets, while others consider it advisable to direct only the proceeds from these assets to Ukraine. This issue is causing a number of political and financial disputes.
The Guardian reports that the European Union is preparing 19 new sanctions packages against Russia. At the same time, Politico reports that the European Commission is working on developing a special mechanism for transferring Russian assets worth around 200 billion euros to Ukraine. This step is aimed at providing financial assistance quickly and effectively.
EU High Representative for Foreign Affairs Kaya Kallas stated that Russian assets will not be returned until the war ends and the Kremlin fully compensates for the damage caused. According to him, the European Union intends to strictly control this issue and effectively and transparently direct financial resources to Ukraine.
In the current situation, the most important task has become the strengthening of financial cooperation between the EU and Ukraine, the rational use of assets, and the effective application of sanctions mechanisms. In this way, Ukraine can receive military and economic support and achieve stability.
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