"Create a precedent," in Germany they explained that it is not so much to give Ukraine assets of the Russian Federation

While the European Commission is considering a plan that will help Ukraine get the aggressor's money to rebuild the country, the EU has found a country that considers this idea inappropriate. In the European Union, they still cannot decide how to transfer frozen assets of the Russian Federation to Ukraine. In addition, Germany is opposed to this: the government of the country believes that legal and financial risks in this case are too serious, Financial Times writes.

The German Foreign Ministry states that Russia will necessarily pay for the damage caused to Ukraine during a full -scale invasion. The department also stressed that the country continues to identify and block all assets of legal entities and individuals from the Russian Federation, which are subject to sanctions. But the German authorities believe that using frozen Russian funds to restore Ukraine will be too difficult because of difficult financial and legal issues.

According to German Justice Minister Mark Bushmann, this plan is "legally disabled" in general. According to another German power -holder, the EU decision on the confiscation of the money of the Russian Central Bank or receipt of income from investing will help to create a precedent for other countries. For example, Poland will demand that it be paid reparations for harm from World War II. "It opens a bank with worms. The task is to try to find what is legally reliable and justified.

It's more difficult than someone thought at the beginning," he said. We will remind, as reported by Bloomberg, as of the beginning of 2023 the European Union and partners from "Big Seven" frozen about 300 billion euros ($ 311 billion) of reserves of the Russian Central Bank and 19 billion euros of assets under the sanctions of Russian businessmen. At the same time, it was noted that these estimates are not complete and assets could not be distributed.

And in February it became known that the G7 countries decided not to use frozen Russian assets before the end of the full -scale war in Ukraine. Meanwhile, the Estonian government has decided to use the assets of the Russian Federation as support of Ukraine. Estonia became the first European country to develop such a legal plan. On May 25, it was reported that discussions have begun in the EU on the transfer of profits from billions of euros of Russian assets left in the world financial markets.