EU countries agree to use frozen Russian assets for Ukraine, says Sweden’s EU Minister Jessica Rosencrantz (M).
The assets are now intended to finance a loan plan for Ukraine.
But much remains.
Since Russia began its full-scale invasion of Ukraine in 2022, around SEK 2,000 billion has been frozen in Russian accounts in Europe.
The plan has been to use the money as collateral for a loan to Ukraine that will help the country defend itself.
Sweden, like a number of other EU countries, has been in favor of the decision.
Most of the money is in Belgium – which has made the country the most skeptical of the model.
Ahead of today’s summit, Prime Minister Bart De Wever said that the country is at great risk of huge compensation claims if the money is used.
The requirement has therefore been that the countries must share the risks equally.
At 21:00 in the evening, an agreement was reached in Brussels.
– Today, an important decision has been made to secure Ukraine’s financing needs going forward, and it is also morally important: to make sure that Russia is involved and pays for the damage and suffering it has caused in Ukraine, says EU Minister Jessica Rosencrantz, writes TT.
Now the EU Commission will come up with a proposal on how the frozen Russian billions can be used for Ukraine.
