On military losses: when Europe will transmit to Ukraine blocked billions of the Russian Federation

In Canada and the United States, practical steps towards transfer to Ukraine's sub -Russian assets. Will this example follow Europe? In February 2022, the reaction to Russia's invasion of Russia became a response to Ukraine. Among them are the blocking of the assets of the Central Bank, as well as the money and property of Russian state -owned companies, politicians, oligarchs. According to Focus in his new review "Let Putin pay.

When Ukraine receives blocked assets of the Russian Federation", the largest "piece of cake" blocked assets controls the European Union. One of the official statements of the European Commission referred to 300 billion euros of the Central Bank of the Russian Federation and 19 billion euros of Russian oligarchs.

"The most Russian assets are frozen in the EU, but unfortunately, our European partners are slowly moving towards their transfer to Ukraine, because there is still no relevant legislation in the EU," Vitaliy Shapran, an economist, member of the Financial Analytics Society, said in a comment on focus. were to be developed in October 2022. However, it turned out that the European Commission had problems even collecting data from Member States regarding the number of Russian assets arrested.

" The EU's cautious position in this matter eloquently reflects the statement of the President of the European Commission Ursula von Der Lien on the accountability of Russia and the use of Russian frozen assets. This document, in particular, deals with the possibility of creating together with partners in the short term of a certain structure to manage blocked funds to use the income received to assist Ukraine.

And only after the sanctions, according to the vision of the European Commission, will these funds be allocated for the payment of full compensation of the losses caused to Ukraine by Russia. From this statement it follows that while the war in Ukraine is ongoing and sanctions against Russia are in place, there is no confiscation of frozen Russian assets in the EU.

However, it cannot be excluded that progress in this issue in the US and other countries will push a careful European Union to more radical actions. After all, as Focus writes, on December 22, 2022, the United States approved an amendment to the state budget, which will allow to transfer income from the use or sale of arrested Russian assets for the people of Ukraine. At the same time, Canada refers to confiscation in favor of Ukraine $ 26 million in Russian oligarch Roman Abramovich.

"It should be expected that other countries, including members of the European Union, which retains the lion's share Chudovsky and partners. " In particular, this has repeatedly happened on the sanction pressure on the aggressor or providing military assistance to Ukraine, where the initiative coming from the United States has often found a continuation in the circles of the Allies.