Europe is considering using Russian resources to rebuild Ukraine

A British newspaper reported that the European Union is considering using confiscated Russian assets to rebuild Ukraine, while Moscow accused the West of launching a large-scale operation to “steal” its money.

On Monday, the “Financial Times” quoted European Council President Charles Michel as urging EU leaders to move forward with talks on using confiscated assets of the Russian Central Bank worth $300 billion to rebuild the ‘Ukraine. The newspaper quoted Michel as saying he wanted to discuss the idea of ​​managing frozen assets of the Central Bank of Russia to generate profits, which could then be channeled into reconstruction efforts. He also mentioned in an interview who said that it is about justice and fairness and that it should be done in line with legal principles. The European Union froze 300 billion euros ($326.73 billion) of Russian central bank reserves in November to punish Moscow for invading Ukraine.

US Department of Justice spokesman Andrew Adams said in earlier that he expected seized assets of Russian elites to be sent to help Ukraine.

The G7 countries also said they saw fit to explore ways to channel Russian resources into rebuilding Ukraine. Last December, the Group of Seven announced the creation of a platform to coordinate support for the recovery and reconstruction process in Ukraine.

Commenting on these plans, Russian Deputy Foreign Minister Sergei Ryabkov accused the West of setting up a large operation to “steal” Russia’s money. He said the US plans to transfer the confiscated Russian assets in Ukraine “can only be described as theft.”

And the official spokeswoman for the Russian Foreign Ministry had described the process of freezing Russian assets in Europe as theft, and the Russian presidential spokesman, Dmitry Peskov, indicated: “The confiscation of property, the seizure of aircraft and property, and the sanctions against Russian businessmen show the collapse of the sanctity of private property in West and the danger of doing business “business there”.

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