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Europeans offer to exchange Russian assets for captured Ukrainian territories

The G7 countries consider the possible return of assets of the Russian Federation in exchange of the return of captured Ukrainian territories. At the same time, the issue of confiscation of Russian assets was stopped.

About it reports Financial Times with reference to sources.

At the recent meeting of G7 finance ministers in Brazil, the United States again insisted on confiscation of Russian assets. But Europeans opposed. Their fears have only intensified the worried issues of the "Global South" countries, such as Saudi Arabia and Indonesia, which are afraid of the precedent of such confiscation.

There was an alternative idea - to use the reserves of the Russian Federation as a pledge to attract a loan to Ukraine. But they also refused it, fearing court claims.

Europeans want to stay away from everything that can affect the assets themselves, fearing retribution - both from the Russian Federation and from other countries around the world. So far, the EU is only ready to spend profit from these funds to purchase weapons for Ukraine. This is approximately 3 billion euros per year.

The US proposes to allocate 50 billion as a loan or bonds, provided with future profits from frozen assets. They want to discuss this idea at the G7 leaders summit in June.

But then it is unclear what to do if the war is over in the near future, the publication writes.

"The debt, attracted to the expectation of profit for decades, must be supported by state guarantees or Russian assets themselves, and this may be difficult and expensive," the EU official said FT.

In Germany, it is believed that the potential peace talks of the Russian Federation can make a requirement to return Russian assets in exchange for captured territories. And if the assets are already laid, then it will not work.

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