"Will have to return": EU is unlikely to give Ukraine frozen assets of the Russian Federation - the media

In view of this, the funds will not be given to Kiev, but will try to invest in European bonds, writes Die Welt on April 13, 2023. It is reported that a document that had not been published before journalists got into the hands of journalists. It states that the European Commission "came to the conclusion: frozen reserves cannot be removed, because once when the war is over, they will have to be returned to Russia.

" Currently, the European Commission is thinking about investing these reserves into European government bonds with an expected income of 2. 6% per annum. These actions are expected to be legally justified in view of gross violations of international law by Russia. In the worst case, the loss from investing will not exceed EUR 4 billion, but such a scenario is considered unlikely.

It is noted that even in this regard there is one problem: the EU is still unknown where there are reserves of the Russian Central Bank. Of the total amount of EUR 300 billion, only 21 billion was determined. Meanwhile, official Kiev continues to work on confiscation of Russian assets arrested abroad.

According to the chief consultant of the department of organizational work of the cabinet of the head of the VP Oleg Gavrish, for five to seven years Ukraine expects to receive some of the frozen assets of the Russian Federation of $ 100 billion. At the same time, losses from the war are estimated at $ 700-800 billion. "It is a complex and long process. But it is moving. There are appropriate UN and many countries.

And this money is about $ 100 billion-we hope to return in 5-7 years, although in some cases it can be about 10 years,"-" He told. At the beginning of 2023, Bloomberg reported that the EU and partners from the Great Seven froze about 300 billion euros ($ 311 billion) of reserves of the Russian Central Bank and 19 billion euros of assets under the sanctions of Russian businessmen.