SPECULUM VERUM
-Von der Leyen and the President of the European Council Charles Michel, He spoke at the press conference held at the end of the EU Leaders Summit in Brussels..
at the top, Von der Leyen pointed out that they were discussing the frozen Russian assets., “Commission, will prepare a proposal on frozen assets. In this offer, We will cautiously focus on profits from frozen assets of the Russian Central Bank.” said.
THE CONTRIBUTION OF 'RUSSIA' CANNOT BE IMPOSSIBLE’
Von der Leyen stated that Russia is responsible for the great destruction in Ukraine and must pay the price for it., “Russia, which destroyed a large part of Ukraine's infrastructure, It cannot be said that he did not contribute to its repair and reconstruction.” he evaluated.
Von der Leyen, Emphasizing that in close cooperation with international partners, they will take a prudent approach to the unexpected profits of Russian assets, of the European Central Bank (ECB) pointed out that they take their views and concerns on this matter very seriously..
STATEMENT FROM THE CHAIRMAN OF THE EU COUNCIL
The President of the European Council, Michel “We should continue the efforts with partners on the use of frozen assets for Ukraine.” used the phrase.
“Some of this money, We think it would be fair to use it for Ukraine's future.” said Michel, stressed that they are very serious and that they have evaluated all the elements of this situation in detail..
Michel, highlighted the importance of acting together with like-minded partners on frozen assets.
WARNING TO EU COMMISSION
on the other hand, ECB, 2 warned EU Commission about frozen assets of Russian Central Bank a week ago.
ECB, confiscation of Russian assets or their revenues., warned that the euro could harm its position as a global currency and financial stability.
Especially if the EU acts unilaterally, ECB pointing out that other central banks with large foreign exchange reserves may exit the euro, He stated that euro-denominated assets could be moved away and the financing costs of European countries could increase..
APPROXIMATELY 300 BILLION EUROS FROZEN
Western countries within the scope of the war and the sanctions they put into practice., About the Central Bank of Russia 300 froze billions of euros.
of the Central Bank of Russia 200 presence of over billion euros, frozen by EU countries. In addition, about the Russian individuals and companies in Europe 30 billion euros frozen.
IMPACTS ARE DISCUSSED
currently, income from frozen assets, use without the owner's consent, international law, The effects on financial markets and international investors are discussed..
Most of the Russian Central Bank reserves frozen by the EU, Located in Euroclear, Belgium-based securities clearing and custody service. It is stated that Euroclear's assets in its balance sheet have increased rapidly due to frozen assets and it has generated a large amount of interest income..
of the EU plan, It is expected to include a special tax on unexpected interest income from Euroclear's frozen Russian assets..