The EU nonetheless can not attain a compromise on the confiscation of frozen Russian property: Who’s towards it?

FinancePolitics The EU nonetheless can not attain a compromise on the confiscation of frozen Russian property: Who’s towards it? Wednesday, February 26, 2025

Assist remains to be not unanimous amongst EU states for the confiscation of frozen Russian property held within the EU and it’s unlikely {that a} resolution might be made in March, mentioned EU overseas coverage chief Kaja Kallas.

“For this, we want everybody’s help. And to this point, we don’t have it. The work is ongoing,” she added.

Kallas believes that in the long run, the bloc’s international locations will conclude that Russia, which began the warfare the warfare in Ukraine, ought to pay for it.

France, Germany, Belgium, and Luxembourg are towards confiscation, in addition to Italy, Spain, and the pinnacle of the European Fee.

French President Emmanuel Macron mentioned that Russian property can’t be confiscated as a result of it contradicts worldwide legislation.

“We’re already utilizing the proceeds from frozen property to safe loans agreed upon by the G7. We now have €230B of frozen property in Europe, however this isn’t collateral as a result of it’s not our property,” he mentioned.

In accordance with Macron, the problem of the doable use of those property needs to be a part of peace talks to finish the warfare.