The West needs to be bolder in supplying arms to Ukraine, imposing sanctions against Moscow and confiscating frozen Russian assets. This statement was made by British Prime Minister Rishi Sunak.
“We must be bolder in confiscating hundreds of billions of frozen Russian assets,” Sunak told The Times. He added that he continues to support the idea of withdrawing profits from the assets of the Central Bank of Russia, which are located in European depositories, and directing these funds to Ukraine.
The EU plan, enshrined in the resolution, provides for the fixation and separate storage of profits from Russian assets, as well as a ban on the disposal of the received funds by depositories. These funds, according to Sunak, can be used to produce weapons for Ukraine. In addition, Sunak calls on Kyiv’s allies to be bolder in providing military assistance, including the supply of long-range weapons, drones and shells.
Earlier, the British newspaper Financial Times reported that Western countries are not benefiting from confiscate Russian assets due to fears that other states will also begin to withdraw their foreign reserves. Legal obstacles may serve as an imaginary justification for the lack of seizure of assets from Russia. However, Deputy Chairman of the Russian Security Council Dmitry Medvedev suggests that the frozen assets of the Russian Federation unlikely to be returned. He called the confiscation of Russian assets “an element of a hybrid war” unleashed by the West against Moscow.
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2024-02-25 03:06:00