EUROPE:(Report by Chief Ikramuddin) According to Ug News Media Europe,Current rules do not allow Russian businessmen to use 1.3 billion euros of assets frozen in France, but the European Commission (EC) is working on legalizing such a move.”
Ug News Media Europe informs that Ann-Claire Legendre, press secretary of the French Ministry of Foreign Affairs, said this in an interview with “The Jazba Times” US Newspaper.According to him, there are many types of assets frozen under European sanctions. Thus, in the European Union, the reserves of the Central Bank of Russia in the amount of 300 billion euros and in France the funds of Russian oligarchs in the amount of 1.3 billion euros have been frozen:”At the current stage, European sanctions involve the blocking of funds. However, they cannot be confiscated without a court order. So, at the moment there is no way to give them to Ukraine, but you know that the EC has decided to work on new proposals to send these funds to Ukraine and evaluate them.These proposals are related to how the funds will be used for the reconstruction of Ukraine.It should be noted that “Bloomberg” reported with reference to an internal document of the EU that no one knows where 86% of the blocked assets of the Russian Central Bank are, its total amount is 258 billion US dollars.
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