Poland calls for transfer of all frozen russian assets to Ukraine
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29 Aug 2024
Poland's deputy foreign minister calls for the transfer of frozen assets of the russian central bank to Ukraine. Currently, member states have agreed to transfer the profits from these frozen assets to Kyiv. Poland believes that it is necessary to go one step further. Technically, this is possible, according to Deputy Foreign Minister Wladyslaw Teofil Bartoszewski in Brussels during the EU meeting.
“There used to be various discussions that this would lead to the collapse of the euro, that bonds issued in euros would collapse, and so on and so forth. As a former banker, I said that I know it can be done, it's a political issue,” said Deputy Minister Bartoszewski.
His report shows that while there was not much approval, no one protested. “We are clearly moving in this direction to do something,” he added.
As a reminder, the EU has frozen assets of the Central Bank of russia totaling more than 280 billion euros. The profits from them amount to 2-3 billion euros annually, which Ukraine will receive and spend primarily on rearmament.
Source: Polskie Radio