Borrell proposes EU to rebuild Ukraine with frozen Russian

Josep Borrell, High Representative for Foreign Affairs and Security Policy @Wikimedia Commons

“The European Union RussiaAn asset authorized by the United States to do with the funds of the central bank of Afghanistan after the country was hijacked by the Taliban. “

This was stated by Josep Borrell, the head of European diplomacy.

In an interview with the Financial Times Borel It drew similarities among the assets that the United States will use to support Afghans affected by the economic and humanitarian crises after the Taliban’s return.

RussiaThe Ministry of Foreign Affairs called for such a move. “Lawless“And warned that it could be destroyed.”Foundation of International Agreements “, According to Alexander Grushko, deputy director of the institution. Such a decision is “Law of the jungle.. “

Ukrainian Prime Minister Dennis Schmigal said his country was in talks with the United States.All partners.. “

In February, US President Joe Biden signed a decree to transfer some of Afghanistan’s central bank assets to the Federal Reserve Bank of New York’s account. Positively, the administration told them,For the benefit of the people of Afghanistan and for the future of Afghanistan“And while the proceedings are pending, the remaining funds could be provided to relatives of the victims of the September 11, 2001 terrorist attacks, which killed more than 3,000 people.

“We have money in our pockets, and someone has to explain to me why it’s good for Afghan money, not Russian money.” -Josep Borel, EU Senior Representative for Foreign Affairs and Security Policy

“Full of logic”

The EUThe High Representative for Foreign Affairs and Security Policy said that it was mainly “Logical“When the West is discussing how Moscow will be forced to pay some of the damages caused in the course of the conflict.

BorelThe analogy is with the United States and its decision to compensate victims of terrorism and provide humanitarian aid to Afghanistan ( ReserveAs announced in February) EU At the beginning of the war, allies frozen hundreds of billions of dollars of foreign exchange Reserve With an account of the Central Bank of Russia. March, Russia He explained that these restrictions have frozen about 300 billion gold and foreign exchange. Reserve, Or about half (as of April 1). According to Ukrainian President Volodymyr Zelensky, his country will need $ 600 billion to rebuild.

In EU -Estimated reconstruction needs of Ukraine reach hundreds of billions of dollars-How to use Reserve Reconstruction of Ukraine has been debated, but Brussels has not made any concrete suggestions on this issue. Borel The Financial Times states that it raises this issue as one of the ways to deal with it. According to the United States, such measures cannot be underestimated, require coordination with allies, and may require special legislation in the United States.

So far, President Charles Michel of the European Council and President Joe Biden of the United States have agreed to confiscate Russian assets, but not the central bank, but Oligalhi. However, the topic remains delicate because there is no need to cross legal boundaries or violate someone’s rights. Assets can be confiscated as a result of a ruling, not just because someone has been sanctioned. but, Borel Shows US case law and $ 3.5 billion case law Reserve Of the Central Bank of Afghanistan.

A few days ago, Russian Foreign Minister Sergeĭ Viklov accused the West of stealing Russian assets abroad and its money and foreign exchange. Reserve It was also formed from the money sent to supply gas. “”In other words, they have been using our gas for free for the last few years.. “

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