The European Union is considering using frozen Russian assets to provide financial support to Ukraine.
The European Union is inching closer to a historic decision on using profits from Russia n assets frozen by the bloc to help Ukraine . The Russia n central bank's assets were frozen shortly after the full-scale invasion of Ukraine in February 2022 and have remained so ever since. The securities and cash frozen in the G7, the EU, and Australia are estimated to be worth roughly 260 billion euros $282 billion.
' The proposal also added that any retroactive claims by Moscow won't be accepted 'Unexpected and extraordinary revenues do not have to be made available to the central bank of Russia under applicable rules, even after the discontinuation of the transaction prohibition. Thus, they do not constitute sovereign assets. Therefore, the rules protecting sovereign assets are not applicable to these revenues.
Russia Frozen Assets Ukraine Legal Challenges
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