The President of the European Council supports the confiscation and liquidation of Russian assets

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 The President of the European Council said he supported the seizure and sale of Russian assets currently frozen abroad.


The Guardian reported that, in a statement to the Ukrainian media, European Council President Charles Michel said he supported Russia's solution of confiscating and liquidating assets currently frozen abroad and then using them. The proceeds go to the reconstruction of Ukraine.


"I am completely convinced that the important thing that we need to do right now is not only to freeze Russian assets, but also to confiscate and sell them in order to finance the reconstruction of Ukraine," said Michel. stated.


In addition, Mr. Michel also affirmed that the confiscation and liquidation of Russian assets was not a mistake. On the contrary, this is also a move that represents "fairness" and "justice".


Last month, the European Union said it had frozen 30 billion euros worth of assets believed to belong to Russian and Ukrainian entities and individuals on the sanctions list. With this speech, Mr. Charles Michel became the first high-ranking European official to directly voice support for Russia's plan to seize assets.

Reportedly, last week, US President Joe Biden also proposed to liquidate the confiscated assets of Russian oligarchs to "repair the damage caused by Russia and help rebuild Ukraine". However, according to analysts, the confiscation and liquidation of Russian assets will not be simple and the parties will need to prepare for a lengthy legal battle.

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