EU concludes authorities cannot seize Russian assets

European Commission
European Commission headquarters, Brussels

The European Commission has concluded European authorities cannot seize Russian central bank assets to fund Ukraine’s reconstruction. Citing “an unpublished document”, Die Welt reported on April 13 that European Union officials confirmed frozen assets must revert to Russia after the war.

Commission staff said a less radical proposal – to invest the Russian assets and transfer the returns to Ukraine – could be lawful.

Governments imposed sanctions on the Bank of Russia within days of the

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