More than 240 billion euros of Russian assets, both private and state-owned, have been blocked in European countries. The European Union is developing a mechanism for using these funds to compensate for the damage caused to Ukraine during the full-scale war.
This was reported by RBC-Ukraine.
During his speech at the conference “Restoring Justice for Ukraine” in The Hague, European Commissioner for Justice Didier Reynders noted that the European Union is actively working to ensure that blocked Russian assets are used to compensate Ukraine for the damage caused by Russia’s actions.
Based on the European Commissioner’s statement, discussions on this issue are ongoing in relation to both private and state-owned assets of the Russian Federation.
According to Reynders, 37 billion euros of private assets of Russians and about 200-208 billion euros of state assets of Russia have been frozen in European countries.
He also expressed expectations that the decision on the use of proceeds from frozen Russian assets would be made quickly. These assets are estimated at 2-3 billion euros annually.