European Commission ready to provide proposals for use of frozen Russian assets
The European Commission is ready to provide proposals on how to use frozen Russian assets in the interests of Ukraine.
Source: Christian Wiegand, Spokesperson for the Rule of Law Justice and Equality for the European Commission, as reported by Ukrinform
"We stand ready to present a legal proposal, taking into account the discussions that are ongoing," Wiegand said.
The official recalled that this issue was discussed by EU leaders at the last European Council meeting in late June.
"We are working with the Spanish presidency in exploring a step-wise approach and we are supporting these discussions. We have also sent a paper to that effect to the Spanish Presidency at the end of July," said Wiegand.
According to the spokesman, the European Commission is ready to provide "a detailed proposal, taking into account the discussions with the member states".
Intensive work with partners from the Group of Seven is also underway.
"It is also very important for us to coordinate this internationally," he added.
Background:
The European Commission's proposal on the use of frozen Russian state assets in the EU for the benefit of Ukraine will not be published until September.
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