EU options to freeze Russian assets for a longer period of time
The EU, the US and other G-7 allies have been working to finalize plans to provide Ukraine with $50 billion in loans by the end of the year covered by the future profits generated by the immobilized Russian central bank assets, following an agreement reached at a G-7 leaders’ summit in June.
Most of the $280 billion immobilized by the G-7 is in Europe.
US had raised concerns that the EU’s sanctions regime — which requires an extension every six months by a unanimous vote of 27 member states
Most of the $280 billion immobilized by the G-7 is in Europe.
G-7 and the EU have already agreed that the funds will remain frozen until Russia agrees to pay Ukraine for the damage it has done.
Bloomberg 23 July2024
The complication is that neither Belgium nor any of the Group of 7 nations is at war with Russia
https://englundmacro.blogspot.com/2024/06/the-complication-is-that-neither.html
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