LAST UPDATE: 09.17
European Union governments should consider seizing foreign exchange reserves and other frozen Russian resources under their jurisdiction to cover the cost of rebuilding Ukraine after the war, the European Union (EU) diplomat has said. , Joseph Borel, during an interview with the Financial Times.
The EU and the wider West have frozen some of Russia’s central bank’s foreign exchange reserves following the Russian military invasion of Ukraine on February 24, which Moscow calls a “special military operation.”
In an interview with the FT, Joseph Borrell said it would be easy for the EU to do what the United States did with Afghan central bank resources after the Taliban seized power in Kabul on August 15.
“We have the money in our pockets and let someone explain to me why this is good for Afghanistan’s money but not for Russia’s,” he said.
Washington has pledged funds to Afghanistan’s central bank and intends to allocate part of it to help the Afghan people and keep another part to meet the demands of those who may file lawsuits against the Sunni Fontaine regime.
SOURCE: AMPE
Source: Capital
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