• Mon. Mar 4th, 2024

European Union Allows Russian Assets to Support Ukraine: US Department of State Spokesman Expresses Satisfaction

ByEditor

Feb 13, 2024
US supports EU’s new measures to use frozen Russian assets to support Kyiv

The spokesman for the United States Department of State, Matthew Miller, expressed satisfaction after the European Union adopted a decision and regulation to allow the use of profits from frozen Russian assets to support Ukraine. During a press conference, Miller stated that the US is encouraged by any action the EU takes to use Russian assets for the benefit of Ukrainians. He also mentioned that active discussions are ongoing with allies and partners, including the G7, on additional measures that can be taken within the framework of respective systems and international law to make Russia cease its aggression against Ukraine.

Since the invasion of Ukraine, the international community has been able to block around €260 billion in Russian Central Bank assets, two-thirds of which are immobilized in the EU. An additional 19 billion euros have been frozen from individuals and companies included on the sanctions list due to their support for the war. This represents ongoing efforts to hold Russia accountable and provide support to Ukraine.

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