EU proposes using Russian assets to rebuild Ukraine

Lithuania, Latvia, Slovakia and Estonia presented a joint proposal to use the frozen assets of the Russian central bank in countries aligned with the European Union for the reconstruction of Ukraine, an amount that the Lithuanian Finance Minister, Gintare Skaistè, has put at 300,000 millions of euros.

This was reported by the Lithuanian Finance Minister to the media upon entering the Council of Economy and Finance Ministers of the EU, in which she urged “finding a legal way to use the assets of the Russian central bank for the reconstruction of Ukraine. There are frozen 300,000 million euros in countries aligned with Europe.”

Skaistè called on the heads of Economic Affairs of the Member States to discuss the next phase of Ukraine’s reconstruction plan after last week the European Commission proposed 9,000 million in macro-financial aid to Ukraine this year, to face the economic downturn and the reconstruction of the country due to the Russian offensive.

The Lithuanian minister pointed out that the assets of the Russian central bank can be considered as “a war reparation” in relation to the possible violation of international law that such a decision would entail and has argued that “it is not to be used for our benefit but for the damage has been done to Ukraine”.

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Source: dpa