The EU Commission’s proposal to use the frozen funds of the Russian state bank to provide financial support to Ukraine has received backing from many member states. There is simply a lack of alternatives.
By Janos Allenbach-Ammann
The EU Commission is proposing to redirect the Russian state bank funds held by Euroclear to the Ukraine without legally confiscating them. In doing so, the authority wants to choose a path that cannot be blocked by individual member states.
By Janos Allenbach-Ammann
The Commission is planning a reparations loan for Ukraine in the hundreds of billions. This is to be based on frozen Russian assets at Euroclear. The final sum depends on an IMF assessment of Ukraine's financial needs.
By Redaktion Table
