France, Germany, Italy and Belgium are wary of attempts to speed up the possibility of using the frozen assets of the Central Bank of the Russian Federation for Ukraine and ask not to force these actions. Bloomberg reported this on November 9, citing informed sources.
“Member states, including France, Germany, Italy and Belgium, are wary of accelerating efforts to use profits from sanctioned Russian Central Bank assets to support Ukraine,” the publication said.
According to the agency’s interlocutors, key EU countries told the European Commission (EC) during a closed meeting on Wednesday, November 8, that they “advocate a more gradual approach.”
Governments primarily want to develop a non-legislative document to ensure that “the formula for using profits made from frozen Russian assets is legally sound” and does not jeopardize financial stability, the sources added.
Earlier, on November 8, the head of the Central Bank of Russia Elvira Nabiullina stated that the confiscation of Russia’s frozen assets abroad will lead to negative consequences in general for the development of the global financial system.
On the same day, the Kremlin spokesman Dmitry Peskov reported that Russia will work out retaliatory measures due to the approval in the US Congress of a project to transfer frozen Russian assets to Kyiv.
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2023-11-09 23:45:00
