EC: EU legally preparing to use Russian assets to rebuild Ukraine

The EU is preparing a legal framework for the use of Russian state and big business assets to rebuild Ukraine.

European Commission President Ursula von der Leyen said.

“Legally it is not a simple matter. It is very complicated, our experts are working hard on it,” she told Corriere della Sera.

Von der Leyen said EC authorities were “preparing a legal proposal before the summer break”.

Earlier, United States Secretary of State Anthony Blinken said that Russia would have to pay for Ukraine’s recovery.

The UK introduced a law allowing anti-Russian sanctions to remain in place until Moscow pays compensation to Kiev.

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