According to the newspaper Die Welt, experts of the European Commission write that, from a legal point of view, the assets of the Central Bank of the Russian Federation cannot be transferred to Ukraine just like thatBERLIN, April 13.
/tass/. The lawyers of the European Commission (EC) concluded that the assets of the Central Bank of the Russian Federation (CBR) frozen in the EU will have to be returned to Russia after the end of the conflict in Ukraine. This was reported on Thursday by the German newspaper Die Welt with reference to an unpublished EC document.
According to the publication, EC experts write that, from a legal point of view, the assets of the Central Bank of the Russian Federation cannot simply be transferred to Ukraine. "There is political will, but legal barriers are high. The European Commission comes to a sobering conclusion that frozen reserves cannot be touched, because one day, when the war ends, they will have to be returned to Russia," Die Welt noted.
In this regard, the EC proposes the next step: to invest the frozen assets of the Central Bank of the Russian Federation in European government bonds, and use the interest for payments to Kiev. She estimates the yield on such bonds at 2.6% per year. At the same time, the EU Legal Service has so far been able to find an answer to the question of what to do if the EU loses its invested funds in a certain development of the situation. "In an extreme scenario," such losses could amount to €4 billion, although, according to the EC, "the risks are very low," the newspaper writes. "What to do in this case still needs to be clarified," Die Welt noted.
