{"id":1220976,"date":"2025-09-19T17:11:00","date_gmt":"2025-09-19T14:11:00","guid":{"rendered":"https:\/\/uatv.ua\/?p=1220976"},"modified":"2025-09-19T12:54:45","modified_gmt":"2025-09-19T09:54:45","slug":"use-of-frozen-russian-assets-must-not-undermine-trust-in-eurozone-eurogroup-president","status":"publish","type":"post","link":"https:\/\/uatv.ua\/en\/use-of-frozen-russian-assets-must-not-undermine-trust-in-eurozone-eurogroup-president\/","title":{"rendered":"Use of Frozen Russian Assets Must Not Undermine Trust in Eurozone \u2013 Eurogroup President"},"content":{"rendered":"\n

The European Union is advancing work on broader mechanisms to channel frozen Russian assets<\/strong> toward supporting Ukraine, while ensuring that investor confidence in the eurozone remains intact<\/strong>, Eurogroup President Paschal Donohoe<\/strong> told reporters in Copenhagen on Friday, Ukrinform<\/a> reports.<\/p>\n\n\n\n

\n

\u201cFirst of all, we have already made significant progress on how to use the profits from immobilized assets thanks to the work carried out on ERA loans during the year. We are now considering further steps regarding these assets, and this work is also continuing within the G7,\u201d Donohoe said.<\/p>\n<\/blockquote>\n\n\n\n

He described the current talks as \u201cimportant and constructive\u201d<\/strong>, recalling that Europe has always been at the forefront of finding ways to support Ukraine\u2019s economy, people and security<\/strong>.<\/p>\n\n\n\n

\n

\u201cAnd we want to look at new ways in which we can do so,\u201d he added.<\/p>\n<\/blockquote>\n\n\n\n

When asked about possible mechanisms for using frozen Russian assets beyond redirecting profits, Donohoe confirmed that discussions are ongoing<\/strong>.<\/p>\n\n\n\n

\n

\u201cI would just emphasize that we are well aware of the need to maintain confidence in the eurozone and of the importance of taking this into account when it comes to immobilized assets. This was recognized in the decisions made on ERA loans and in the discussions currently underway,\u201d he stressed.<\/p>\n<\/blockquote>\n\n\n\n

Belgium\u2019s Foreign Minister Maxime Pr\u00e9vot<\/strong> reiterated his country\u2019s firm opposition to transferring frozen Russian assets \u2014 most of which are held in Belgian banks \u2014 to directly finance aid to Ukraine.<\/p>\n\n\n\n

Under Western sanctions imposed after Russia\u2019s full-scale invasion of Ukraine in 2022, around \u20ac200 billion of Russian funds remain frozen<\/strong>, the bulk of which are held at the Euroclear<\/strong> depository under EU financial market law.<\/p>\n\n\n\n

Pr\u00e9vot warned that breaking these rules, even in the context of an existential war, could jeopardize the trust of international investors in Belgium and the EU<\/strong>.<\/p>\n\n\n\n

The European Commission<\/strong> is currently working on a scheme to direct nearly \u20ac200 billion in frozen Russian assets<\/strong> toward Ukraine\u2019s post-war reconstruction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Union is advancing work on broader mechanisms to channel frozen …<\/p>\n","protected":false},"author":67,"featured_media":1220977,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,49,36418,36415],"tags":[78],"sources":[],"class_list":["post-1220976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-news-en","category-11473-news-en-2","category-11473-news-en","tag-homepage-en"],"acf":[],"yoast_head":"\nUse of Frozen Russian Assets Must Not Undermine Trust in Eurozone \u2013 Eurogroup President - Freedom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uatv.ua\/en\/use-of-frozen-russian-assets-must-not-undermine-trust-in-eurozone-eurogroup-president\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Use of Frozen Russian Assets Must Not Undermine Trust in Eurozone \u2013 Eurogroup President - 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