Europe is considering a plan to freeze Russian assets indefinitely

According to Webangah News quoted by Mehr News Agency, the ambassadors of 27 European countries in the European Union will meet today to review the proposed plan to freeze Russia’s foreign assets indefinitely to secure a $50 billion loan to Ukraine.

According to the Financial Times publication, EU ambassadors will review the European Commission’s proposed plan regarding the unlimited seizure of assets of the Russian Central Bank today. Such an action reduces “American concerns” about the use of Russian Central Bank funds to finance a $50 billion loan to Ukraine.

Earlier, the Group of 7 (G7) countries agreed during their summit in Italy to spend at least 50 billion dollars using interest income of 325 billion provide the blocked Russian assets in Western countries to Ukraine.

Russian President Vladimir Putin has called asset seizures an “indecent business” and warned that “stealing other people’s assets will never benefit anyone.”