EU intensifies efforts to use frozen Russian assets in favour of Ukraine
The European Union and its partners are stepping up efforts to use frozen Russian assets to help rebuild Ukraine
This is stated in the conclusions of the EU summit.
"The European Union, together with its partners, is stepping up its work to use frozen and immobilized Russian assets to support Ukraine's recovery and to compensate for damages, in accordance with EU and international law," the conclusions say.
In this context, the EU summit welcomed the launch of the Donor Coordination Platform.
- On December 22, the U.S. Senate supported an amendment that would allow for the confiscation of frozen Russian assets in favor of Ukraine.
- In mid-December, Canada began the process of seizing and confiscating Abramovich's assets. The UK plans to study Canada's experience in confiscating Russian assets.
- The European Commission is studying legal options for confiscating Russian state and private property as payment for the restoration of Ukraine.