Four European Union (EU) countries – Belgium, Bulgaria, Malta and Italy – have spoken out against the use of Russian assets to grant compensation loans to Ukraine and called for the study of alternative financing options, writing politics.
According to the publication, the four countries in their statement called on the European Commission and the EU Council to abandon the use of frozen Russian assets.
Dmitriev: The EU faces serious consequences for indefinitely freezing Russian assets
Belgium, Bulgaria, Malta and Italy insist on continuing to seek alternative mechanisms that are consistent with EU and international law, as well as have predictable parameters and minimize risks.
Countries propose to issue common EU bonds to finance Ukraine. However, the publication notes that this idea has several problems, including the increase in the national debt of Italy and France, as well as the unanimity of all EU members.
Previously, the European Union blocked Russian assets indefinitely. As Reuters wrote, the bloc's representatives thereby removed a serious obstacle to using this money to support Ukraine.
