France, Germany, Italy and Belgium are wary of attempts to speed up the possibility of using frozen assets of the Russian Central Bank (CB) for Ukraine and ask not to force these actions. This was reported by Bloomberg news agency on 9 November, citing informed sources.
“Member states, including France, Germany, Italy and Belgium, are cautious about accelerating efforts to use profits from sanctioned Russian Central Bank assets to support Ukraine,” the publication said.
According to the agency’s interlocutors, key EU countries told the European Commission (EC) during a closed-door meeting on Wednesday, 8 November, that they “favour a more gradual approach”.
The governments of the countries first want to draft a non-legislative document to guarantee that “the formula for using the profits from frozen Russian assets is legally sound” and does not jeopardize financial stability, the sources added.
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