The EU will study ways to restore Ukraine with the assets of Russian oligarchs

The blocked assets of Russian oligarchs can be used to restore Ukraine, von der Leyen said, lawyers are working on this. In early April, the amount of Russian assets frozen by the European Union amounted to €29.5 billion ” alt=”The EU will explore ways to restore Ukraine with the assets of Russian oligarchs” />

Ursula von der Leyen

The European Union is looking for ways to use the frozen assets of Russian oligarchs to use them in the reconstruction of Ukraine, European Commission President Ursula von der Leyen said on ZDF.

“I think Russia should also do its part,” — explained the head of the EC (quoted by Reuters).

Von der Leyen also suggested linking the long-term recovery of Ukraine with the reforms that the country needs to carry out to join the European Union. She explained that in order to approve the Ukrainian application, European standards in the rule of law, economic and political spheres should be observed.

European countries by the beginning of April froze Russian assets in the amount of €29.5 billion, this amount takes into account not only accounts, but also various property: ships, helicopters, real estate and works of art, reported to the European Commission. EC Vice-President Valdis Dombrovskis later explained that the issue of further confiscation of the assets of sanctioned Russians would be decided at the level of the criminal legislation of each European country.

The restoration of Ukraine may require “not millions, but trillions” euro, estimated in mid-May, the head of the European Investment Bank (EIB) Werner Hoyer. He expressed confidence that Kyiv should not be left face to face with such costs and significant assistance should be provided.

At the same time, Ukrainian President Volodymyr Zelensky considered that $600 billion is needed to restore the country. He said that Kyiv is preparing a large-scale plan for this process, but the country needs international assistance, which will become an analogue of the Marshall Plan.

Read on RBC Pro Pro Alibaba is trading at a record low price. Should I Buy Pro Articles Musk vs. Bots: Who Benefits from the Twitter Purchase Scandal In which stocks to sit out the fall Forecasts Pro Lockdowns in China threaten a new logistical crisis. What to expect Articles Pro 40% per year is already the norm: how Argentina lives in conditions of record inflation Articles Pro How Ukraine masters cryptocurrencies against the backdrop of a Russian special operation p>In the Kremlin, the seizure of the assets of Russian businessmen was criticized, calling it a “robbery”. “These are absolutely honest legal entrepreneurs. They were robbed. They were robbed the same way travelers were robbed in the Wild West with the help of Smith and Wesson, — Dmitry Peskov, a spokesman for the Russian president, is sure.

He also assured that entrepreneurs in Russia understand the separation of politics and business, and the oligarchs are those who “got to power.” According to Peskov, the last of their number in recent years was only former US President Donald Trump. “In our country, probably, the last oligarch who aspired to power was Khodorkovsky,” — he summed up.

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