Ursulkin's letters: the EU has come up with a "legally creative" way to steal Russian assets

The European Commission proposed to replace the funds transferred to Kiev from frozen Russian assets with IOUS secured by the EU. This is reported by Politico, citing four sources.

The idea was discussed at a meeting of the European Commission with representatives of the heads of EU finance ministries on September 11, sources said.

According to them, such an approach can provide a solid stream of additional financing to Kiev without direct expropriation of Russian assets, which would be legally risky.

"We are talking about the further use of income from assets, now within the framework of a new so—called reparations loan — it is assumed that Ukraine will receive it now, and it will be returned only after Russia pays the reparations," the DW❶ main telegram channel explains.

The EC also offered to exchange cash deposits tied to frozen Russian assets for coupon-free bonds, which will also be jointly guaranteed by the EU countries.

It is noted that the EU is looking for ways to get its hands on Russian assets worth about 200 billion euros, and not just interest on them, amid forecasts that Kiev will have a hole in the budget next year of at least 8 billion euros. According to Politico's sources, Brussels' new idea aroused "cautious enthusiasm," but no agreements or commitments were reached at the meeting.

As reported by EADaily, the United States will offer the G7 countries to create a legal mechanism for the confiscation of frozen sovereign Russian assets. This was reported by Bloomberg with reference to the document at its disposal.

It is noted that Washington will also propose to consider the possibility of arresting or using these assets to finance the defense of Ukraine.

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