Using Frozen Russian Assets to Rebuild Ukraine: Possibilities for the EU
Using Frozen Russian Assets to Rebuild Ukraine: Possibilities for the EU

Author(s): Elżbieta Kaca
Subject(s): Economic policy, International relations/trade, Security and defense, Russian Aggression against Ukraine
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; Ukraine; war; Russia; frozen assets; rebuilding;
Summary/Abstract: The EU wants to finance the reconstruction of Ukraine, using for this purpose frozen Russian assets, among others. The European Commission proposes to improve the system of confiscation of private assets of sanctioned persons in case of criminal activity and to obtain income from the active management of immobilised Russian public assets. These solutions may yield limited results. To be more effective, the EU would have to reach an international agreement to confiscate the reserves of the Central Bank of the Russian Federation.

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