1. Using Frozen Russian Assets to Rebuild Ukraine: Possibilities for the EU
- Author:
- Elzbieta Kaca
- Publication Date:
- 05-2023
- Content Type:
- Working Paper
- Institution:
- The Polish Institute of International Affairs
- Abstract:
- The EU wants to finance the reconstruction of Ukraine, using for this purpose frozen Russian assets, among others. The European Commission proposes to improve the system of confiscation of private assets of sanctioned persons in case of criminal activity and to obtain income from the active management of immobilised Russian public assets. These solutions may yield limited results. To be more effective, the EU would have to reach an international agreement to confiscate the reserves of the Central Bank of the Russian Federation.
- Topic:
- Sanctions, Reconstruction, European Union, Assets, and Russia-Ukraine War
- Political Geography:
- Russia, Europe, and Ukraine