US supports EU’s new measures to use frozen Russian assets to support Kyiv

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

The EU has adopted a decision and a regulation clarifying the obligations of the Central Securities Depositories (CSD) that hold assets and reserves of the Russian Central Bank, which are immobilized due to the EU’s restrictive measures. Since the invasion of Ukraine, around €260 billion in Russian Central Bank assets have been blocked in Europe, two-thirds of which are immobilized. 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 by international leaders to hold Russia accountable and provide support to Ukraine.

By Editor

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