Britain “loans” blocked Russian property to Ukraine

Continuing discussions on the lack of funds to finance Ukraine, British Foreign Minister David Cameron says that his country is ready to provide Ukraine with all the assets that have been blocked from the Russian Central Bank in England.

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According to the Guardian, he says that these assets will be used as collateral for the payment of compensation. This means that after the war reparations are paid by Russia, the assets will be returned to Moscow.

Cameron said he would seek to include the Group of Seven and the European Union in the best case scenario, but if that doesn’t work, he will push the plan with a few other allies.

This is the first time that the British Foreign Secretary has openly talked about the plan in such detail.

Previously, the European Union countries have proposed that the profit from the blocking of Russian property be allocated to Ukraine. Experts say that Ukraine needs 100 billion euros to continue the war and 50 billion euros to rebuild.

Currently, more than 260 billion euros of the Russian central bank’s assets in the form of cash and securities are frozen in the Group of Seven countries, the European Union and Australia. It is estimated that 190 billion euros of these sums are available to Belgium, which does not want to advance the British radical plan.