Britain will transfer profits from blocked Russian assets to Ukraine

According to the report of the international group Tasnim news agency quoting British Prime Minister Rishi Sunak has announced that he wants to transfer the profits of Russia’s blocked assets to Kiev.

The West has blocked huge sums of billions of Russian capital – which in turn generates significant profits. British Prime Minister Rishi Sonak wants to give the proceeds to Ukraine. At the same time, he has called for more weapons to be delivered to this country.

After the second anniversary of Russia’s attack on Ukraine, British Prime Minister Rishi Sunak called for decisive action. West came to support Kiev. Sonak wrote in an article for Sunday Times: Ukraine should receive long-range weapons, drones and more ammunition. He emphasized: “The production of defense industries in the West should also be strengthened.” In this regard, he said: This work will begin by sending billions of profits from these assets to Ukraine. It should be found within the framework of the G7 leading Western industrialized countries to confiscate assets and transfer them to Ukraine. Sunak also called for further tightening of economic sanctions against Russia. “This war confronts the West with the fundamental question of whether we are ready to stand up for freedom and security in Europe and beyond,” Sonak wrote.

Authorities The European Union in Brussels has also recently decided to remove the proceeds from holding frozen funds of the Russian Central Bank for Ukraine. The agreed procedure, as a first step, ensures that extraordinary income from the holding of assets of the Central Bank of Russia is kept separately. In the second stage, a part of these funds is supposed to be sent to Ukraine. However, more legal texts still need to be drafted for this.

According to estimates, more than 210 billion euros from the Russian Central Bank have been frozen in the EU. And the income from keeping this capital is constantly increasing.

The European Union is saving billions of frozen funds of the Russian Central Bank in the shadow of sanctions in Russia’s war against Ukraine. slow The proceeds from this will be transferred to Ukraine in the future. The rotating presidency of the European Union in Belgium recently announced that the representatives of the 27 member states agreed on a proposal in this regard. According to estimates, an amount equivalent to billions can be spent every year. This is because, according to the commission, more than 200 billion from the Russian central bank are blocked in the European Union, and the income from keeping this capital is constantly increasing.

Brussels-based financial institution Euroclear recently announced that it had made three billion euros in interest income in the first nine months of last year alone, linked to the Russian sanctions. Euroclar is the main institution in the European Union that holds the assets of the Central Bank of Russia. The EU officials emphasize that this project is initially only about the income that the institution gets unplanned due to EU sanctions against the Russian Central Bank.

This is while Russia warned the European Union last year not to confiscate the property of the Russian government or Russian citizens. In addition, according to experts, the direct use of Russian assets can lead to the loss of trust of other countries and investors in the European financial center and the withdrawal of assets from the European Union.

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