After the start of the special operation in Europe, the assets of the Central Bank of the Russian Federation in the amount of about $ 300 billion were arrested. According to informed Bloomberg sources, the EU authorities at the expert level are considering the possibility of transferring these funds to Ukraine.
The assessment activities were initiated by the head of the European Commission, Ursula von der Leyen. The issue is dealt with by experts from various fields, including specialists in international law, explains Bloomberg on Thursday, November 3rd.
Discussions on the issue of confiscation of the frozen funds of the Central Bank of the Russian Federation are at an early stage. Assessing whether control of Russian assets can, in principle, be obtained is extremely difficult and potentially fraught with legal implications.
In March 2022, the Ministry of Finance estimated the volume frozen in the West, Russia’s gold and foreign exchange reserves of $ 300 billion – this is about half of the total amount of reserves.
At the same time, ideas have already been voiced in Europe to use these funds for the restoration of Ukraine. In particular, the German authorities saidthat are open to the idea of arresting the frozen foreign assets of the Central Bank of the Russian Federation.