The EU relaunches the protection, first agreements on Russian belongings | EUROtoday

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Copenhagen – The twenty -seven gave Wednesday first help for the European Commission proposal to make use of Russian energetic substances in Europe to help Ukraine in his struggle in opposition to Russia. Numerous authorized doubts are nonetheless intact nonetheless to be resolved. The help, all to be verified within the continuation of the works, got here to a casual summit right here in Copenhagen throughout which the heads of state and authorities mentioned the way forward for European protection with renewed sense of urgency, round 4 tasks in widespread.

“We discussed the possibility of using Russian assets more efficiently,” defined the president of the European Council António Costa yesterday night. “We will continue this discussion at the next meeting of the European Council to be held in October.” In the meantime, the European Commission will proceed to refine the proposal, which the finance ministers may also converse most likely at a gathering subsequent week in Luxembourg.

We briefly keep in mind the contours of the matter. The Belgian monetary firm Euroclear holds about 210 billion euros in Russian reserves, of which 174 billion liquidity. The draft proposal introduced final week by the European Commission offers that liquid cash is borrowed from the European Union which in flip would lend it in tranche to Ukraine. As talked about, the twenty -seven appeared yesterday constructive – whereas from Moscow the Russian authorities outlined the thought “a real theft”.

The Nordic and Baltic international locations are people who most help the proposal. They firmly imagine that Ukraine is a European bulwark in opposition to Russia and that it needs to be helped in all methods. Germany has been mentioned greater than presumably. France itself is constructive, even when it underlines some situations. He needs to restrict the quantity of loans to Kiev; He asks the dedication from Ukraine to purchase European weapons; It helps the necessity to assure the mortgage to the nation at struggle at Community degree.

More typically, the twenty -seven ask that the operation is secure from a authorized viewpoint. During the assembly Belgium, particularly, defined that he didn’t need to discover himself on the entrance line in a attainable authorized diatribe, and loudly asks for a transparent mutualization of dangers. Among essentially the most prudent international locations, there are additionally Luxembourg and Italy. The Grand Duchy fears {that a} precedent is created that Mini his position within the monetary sq., whereas Rome doesn’t need to fear worldwide traders and endanger the purchases of bonds in euros.