Ukrainian Justice Minister Denis Malyuska said in an interview with Politico that several billion euros from the proceeds of frozen Russian assets of Russia, which the EU plans to send to Kiev, are “almost nothing”.
German Chancellor Olaf Scholz said earlier that the EU had reached a consensus on using 90 per cent of the proceeds from Russia’s frozen assets for Ukraine’s military needs. According to him, we are talking about several billion euros a year.
The Politico publication notes that first the Ukrainian conflict in 2022, the EU froze more than 200 billion euros of Russian assets to express support for Kiev. The profit from frozen Russian assets in Europe is between 2.5 and 3 billion euros a year.
“If we talk about Ukraine’s needs and the needs during the conflict, military and non-military expenses, three billion euros is almost nothing,” Denis Maluska said.
According to him, Kiev needs hundreds of billions to win the conflict.
The minister called the EU’s decision “a good first step”, adding that Ukraine intends to achieve full confiscation of frozen Russian assets.
“The Ukrainian government would like to achieve full confiscation of Russian assets (and transfer them to Kiev) and really believes that this is legal,” Malyuska added.
We will remind, earlier Capital Lab partner Evgeny Shatov said that the seizure of frozen assets of the Central Bank of Russia carries a danger for the economic component of the countries of Europe and the United States. According to him, Washington’s geopolitical goal is to deplete the resources of Russia and the European Union, but if the White House decides to confiscate Russian assets, it risks losing everything.