US EditionEU’s Kallas Says Russia Won’t Get Frozen Assets Back without Paying Reparations
The European Union holds €210 billion of Russian assets frozen since the Ukraine invasion and debates require reparations before any return, EU foreign chief Kaja Kallas said.
- The EU's top diplomat for foreign affairs indicated on Saturday that Russia will not regain access to frozen assets totaling 210 billion euros unless it compensates Ukraine for the damages caused.
- This statement followed the EU's decision to freeze state assets after Russia's invasion of Ukraine and amid ongoing debates about their use.
- The EU’s foreign ministers met informally in Copenhagen to discuss the war, where countries like Poland and the Baltics urged confiscation, but France, Germany, and Belgium opposed it.
- Belgium holds the largest share of the 183 billion euros frozen assets and the EU earmarked profits from these assets to support Ukraine's military aid program.
- Kallas stressed it is unimaginable to return assets without reparations, indicating that the EU is preparing for post-war scenarios involving complex legal and political implications.
40 Articles
40 Articles
European Union foreign policy chief Kaya Kallas confirmed that frozen Russian assets within Europe will not be returned unless Moscow pays reparations for its war in Ukraine...
EU Foreign Ministers' Meeting: Kallas Urges Using Russian Assets
“Ministers recognized the urgent need to address Ukraine’s financing gap and to hold Russia accountable for the damages caused by its war,” Kaja Kallas said after talks with EU foreign ministers in Copenhagen. “To achieve this, it is essential that we explore all available options,” the EU’s high representative for foreign affairs added. Russia has caused devastating damages to Ukraine.It is unthinkable that Russia will ever see its frozen asset…
After a meeting of EU foreign ministers in Copenhagen, EU High Representative for Foreign Affairs Kaja Kallas stressed that assets frozen under sanctions will not be made available to Russia until it pays for the damage it is causing in Ukraine.
EU rules out returning Russia’s frozen assets until reparations are paid to Ukraine
The European Union is not considering returning Russia’s frozen assets until Moscow pays reparations for its war against Ukraine, EU foreign policy chief Kaja Kallas said ahead of a meeting of EU foreign ministers in Copenhagen on Saturday, August 30. “We cannot imagine that, in the event of a ceasefire or a peace agreement, these assets would be returned to Russia if it does not pay reparations,” Kallas said. According to the EU, about €210 bil…
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