EU leaders want to use profits emanating from frozen Russian state assets for Ukraine reconstruction and have urged the European Commission to consider a legal framework for this, per the Western mainstream press. Is that really possible?
The value of frozen Russian sovereign assets in Europe is estimated at 211 billion euros ($223 billion). Brussels has repeatedly hinted that it would tap into these assets for the benefit of Ukraine. Still, the bloc has so far not invented a legal mechanism for laying its hands on Russia's property.
Meanwhile, European Commission President Ursula von der Leyen stated on Friday that Brussels is working on a proposal to use profits generated by Russia's assets to help the Kiev regime. She claimed that EU finance ministers had made good progress on the matter earlier this month. "So the next step would be then an actual proposal," von der Leyen said.
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