US EditionEU Reportedly Eyes Riskier Investments for Frozen Russian Assets to Boost Ukraine Aid
- Plans are underway within the European Union to reallocate nearly 200 billion euros in frozen Russian assets into higher-risk investments to enhance financial support for Ukraine.
- This initiative follows Russia's 2022 full-scale invasion of Ukraine and the subsequent EU sanctions that immobilized over 260 billion euros in Russian funds.
- Currently, these frozen assets generate low returns through conservative investment via Belgium's central bank, and in 2024, profits reached about 4 billion euros used to service a 45-billion-euro G7 loan to Ukraine.
- European Commission spokesperson Markus Lammert announced that the EU has frozen Russian assets valued at €210 billion within its borders and confirmed that the income generated from these frozen assets is being funneled to support Ukraine via the G7 loan mechanism.
- The plan aims to increase funding for Ukraine without confiscating assets, addressing legal concerns and expanding financial support amid ongoing debates and sanctions renewal risks from EU members.
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30 Articles
Italy has frozen assets of Russian oligarchs worth about 2.3 billion euros ($2.64 billion) since the start of Russia's full-scale invasion of Ukraine in 2022.
E.U. weighs riskier investments of frozen Russian assets to boost returns and raise more funds for Ukraine — Politico
The European Commission is considering transferring approximately 200 billion euros ($229.4 billion) in frozen Russian assets into a new, higher-risk investment fund that could yield greater returns, Politico reported, citing four people familiar with the discussions.
EU reportedly eyes riskier investments for frozen Russian assets to boost Ukraine aid
According to Politico, the proposed plan would redirect the frozen Russian assets into a special investment fund under EU control, allowing for higher returns without confiscating the principal.
Rome frozen bank accounts, villas, yachts and cars against the backdrop of EU sanctions against Russia.
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