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According to the publication, the European Union seeks Russia to pay for the los...

The EU has blocked the assets of the Central Bank of the Russian Federation for more than 200 billion euros - Bloomberg

According to the publication, the European Union seeks Russia to pay for the losses caused to Ukraine. How best to apply some of the blocked assets of the Russian Federation for this purpose, EU leaders will be discussed in June. The European Union has blocked the assets of the Russian Central Bank for more than 200 billion euros, as well as frozen about € 24. 1 billion in Russian private assets since Russia has invaded Ukraine. This was reported on May 25 by Bloomberg.

Representatives of the EU countries have informed new data on blocked assets after entering the 10th Package of Sanctions that forced banks to disclose information about the size of their assets. The publication also reports that the EU has frozen 24. 1 billion euros of Russian private assets belonging to individuals and legal entities that have been sanctioned. These lists have about 1,500 people, including many billionaires from the Russian Federation.

"The EU seeks Russia to pay for the losses caused to Ukraine. Therefore, it studies the ways of using Russian frozen and immovable assets for this purpose," said the European Commission representative Christian Vigandnd. The EU and Union countries have repeatedly stated that Russia should pay for the destruction it has caused Ukraine. This principle has recently been confirmed at the Greater Seven summit in Japan.

Member States study ways to use some assets to contribute to the future of Ukraine's restoration. One of the options is to invest central bank assets and other Russian state assets, and to use the proceeds for Ukraine. According to Vigand, the European Commission is now working closely with the EU Sweden to "push forward the discussion" options for the use of frozen assets of the central bank.

The issue will be discussed with international allies at the next meeting of EU leaders, which is scheduled for June. We will remind, on May 25 it became known that the EU has begun discussions about the transfer of Ukraine from billions of euros of Russian assets remaining in the world financial markets.