Some EU countries concerned about idea to seize Russian central bank assets — report

Business & Economy December 17, 18:17

Discussions on the issue have been intensified amid concerns that US President-elect Donald Trump could reduce or stop support to Ukraine after taking office

NEW YORK, December 17. /TASS/. Some countries, including Germany, Belgium and Luxembourg, expressed serious concerns about the idea of confiscating frozen assets of the Russian central bank, Bloomberg reported, citing sources.

Discussions on the issue have been intensified amid concerns that US President-elect Donald Trump could reduce or stop support to Ukraine after taking office.

In October, G7 leaders issued a joint statement announcing that they had reached an agreement on $50 billion in loans to Ukraine. According to the statement, the loans will be paid back with future proceeds from Russia's frozen sovereign assets in line with the legal systems of G7 countries and international law. The US pledged to provide a $20 billion loan to Ukraine, while the remaining $30 billion would be supplied jointly by the G7 and the EU.

Earlier, Kremlin Spokesman Dmitry Peskov said Russia would make sure to respond to a theft of its assets in Europe. Moscow plans to legally prosecute the people involved in the effort, according to the spokesman. He said Europe took the worst possible path by deciding to use Russia's assets to help Kiev.

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