The European Union extended the financial sanctions against Russia

According to Reuters, the European Union announced that the member countries of this union discussed and discussed the extension of the financial sanctions of the Russian Central Bank to finance the loan of 50 billion dollars to Ukraine.

G7 leaders and the European Union agreed in June to use profits from frozen Russian assets to back a $50 billion loan to Ukraine.

A large part of about 300 billion dollars of frozen Russian assets is mainly kept in EU financial institutions located in Belgium. According to EU regulations, the sanctions regime against Russia needs the approval of all EU countries to be renewed every six months.

European Union diplomats said that some members of the Group of Seven, including the United States, are concerned that some EU members may withdraw from continuing financial support for Ukraine.

Hungarian Prime Minister Viktor Orban has repeatedly protested the continuation of financial sanctions against Russia and financial aid from Ukraine.

European Union countries discussed two options on Wednesday aimed at alleviating the concerns of the Group of Seven members. One of these cases is the extension of the “open end” of the sanctions regime, which keeps the assets of the Russian central bank frozen.

Source: IRNA