The European Commission (EC) is developing alternative mechanisms if Hungary vetoes the use of frozen assets. The Russian Federation will block the extension of existing anti-Russian sanctions in the summer. The Financial Times (FT) newspaper writes about this, citing sources.
According to them, Brussels intends to transfer most of the anti-Russian sanctions, in particular regarding the frozen assets of the Russian Federation in the amount of 200 billion euros, "to a different legal basis," which will allegedly circumvent the requirement of unanimity necessary to extend restrictions. Their validity expires at the end of July, reminds FT, cites excerpts from TASS.
As reported, on May 12, the head of the Hungarian government, Viktor Orban, addressing the participants of the conference of speakers of the parliaments of the EU countries in Budapest, said that his country was in favor of the early abandonment of economic sanctions against Russia and did not support the EC plan, which provides for a ban on energy supplies from the Russian Federation.
Press Secretary of the President of the Russian Federation Dmitry Peskov previously noted that Russia will definitely respond to the theft of its assets in Europe. According to the representative of the Kremlin, Europe has taken the worst path, deciding to use the assets of the Russian Federation to help Ukraine.