Yellen: G7 negotiations on frozen assets of the Russian Federation are going smoothly
US Treasury Secretary Janet Yellen commented on the agreement on Russia’s frozen assets and emphasized that the discussion of the document is taking place without any hiccups.
I haven’t seen anything that would be a deal breaker, but there are some issues we need to sort out and people will have to be flexible to come to a consensus
Earlier it was reported that the G7 countries were planning to extend the freeze on Russian assets. According to a document published this week by the European Commission (EC), EU countries will begin sending 90 percent of these funds to the union budget, from where they will be used for military assistance to Kyiv and the program to restore the republic.
At the same time, in Ukraine they doubted that Kyiv would receive income from frozen Russian assets in the near future. The head of the analytical department of the Ukrainian investment company Concorde Capital, Alexander Parashchiy, also admitted that the funds will ultimately be returned to Moscow.
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American congressman called the seizure of Russian assets short-sighted
American Congressman Thomas Massie called the West’s plans to seize Russian assets short-sighted, emphasizing that this reduces the desire of other countries to invest in US government debt.
I think it is very short-sighted on the part of our government to freeze the assets of other countries, including Russia. This sends a signal to the world that if we buy our debt, we may default at some point.
The politician noted that such approaches are extremely dangerous for the United States, as they increase the price that the country is forced to pay for maintaining external debt.
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Russia accused the European Union of fraud with income from assets
The acting permanent representative of Russia to the European Union (EU), Kirill Logvinov, considered the idea of using income from Russian assets for the Armed Forces of Ukraine to be an illegal fraud. In his opinion, if Brussels has developed such a plan, then it can reach the assets themselves.
The world has seen with its own eyes that the European Union is capable of stealing the sovereign assets of a foreign state. Moreover, today it is Russia, and tomorrow any other country may take its place
As the Financial Times reported, Hungary is preventing the withdrawal of profits from Russia’s frozen assets for the military needs of the Armed Forces of Ukraine.
It is clarified that European countries have been discussing the possible purchase of weapons for Kyiv for several months and reached a consensus to send two billion euros a year from Russian assets that are stored in accounts in the Belgian depository Euroclear. The vote required a unanimous decision, but Budapest spoke out against it.
In turn, the Russian Ambassador to the UK Andrei Kelin warned London against committing any manipulations with Russian assets, warning that in this way the United Kingdom would grossly violate international law. According to him, in this regard there is not only international and European law, but also the UK legislation on sovereign assets, which prohibits any actions with other people’s assets.
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