European Council President Charles Michel has called for the seizure of Russian assets frozen in the European Union as part of sanctions to be used for the reconstruction of Ukraine.
And he believes that the donors’ conference for the reconstruction of Ukraine in Warsaw, in which he participates, should be the starting point for a kind of European Marshall Plan for Ukraine.
“Personally, he is absolutely convinced that it is extremely important not only to freeze the assets, but also to make them available, so that they are available to the rebuilding country,” Charles Michel said in an interview with Brussels. Interfax agency.
“This is the first time the president has spoken out in favor of ‘seizing’ Russian assets,” a spokesman said.
At the end of April, US President Joe Biden asked Congress to allow him to seize the assets of Russian oligarchs frozen in the US to be used for the benefit of Ukraine. Canada is on the same line.
Brussels has been consulted by the European Council Legal Service on the possibility of enforcing the seizure measure because “there are 27 legal systems and in many EU Member States a court ruling is necessary,” Charles Michel explained.
“It is a difficult and long process,” he admits.
Charles Michel is in Warsaw where he is attending a conference of donors for the reconstruction of Ukraine.
“I see three priorities for this conference and three goals. The first is humanitarian aid, the second is money, the third is reconstruction,” he said. “In my opinion, this conference will be the starting point for a European Marshall Plan for Ukraine.”
“It’s important to ensure that the Ukrainian authorities are able, in the days and weeks to come, to have the resources they need to achieve these three goals,” said Charles Michel, who also supports the idea. transfer of 10% of the Special Drawing Rights of the International Monetary Fund from the Member States to Ukraine. “We need to look at which states this might be possible for,” he said.
Source: Capital
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