Today, at a meeting of justice ministers from twenty-seven European countries in Brussels, EU Commissioner for Justice Didier Reyneders said that the seizure of Russian assets is a guarantee that Russia will pay for the destruction and crimes committed in Ukraine. This was reported by the Voice of America, according to UNN.
I want to confirm that by freezing 28 billion in private assets and immobilizing more than 200 billion in state assets, we have a real guarantee that one day Russia will be obliged to pay
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The EU is working on developing legal mechanisms to make Russia accountable, including financially, for the damage it caused by launching a war of aggression against Ukraine. In particular, Europeans are keeping an eye on Russian assets frozen under sanctions.
The first example of the use of state-owned Russian assets was the decision of Belgium to send funds to help Ukraine , the source of which will be billions of frozen Russian assets.
The European Commission plans to publish a proposal on taxation of profits from frozen Russian assets on December 12. SEE ALSO
READ ALSO: Presidential Adviser Tells Which Frozen Russian Assets Ukraine Can Get Back Faster