Confiscation of Russia's assets for Ukraine's recovery: US and EU seek legal basis

Confiscation of Russia's assets for Ukraine's recovery: US and EU seek legal basis

The United States and European allies are working on a legal framework for using confiscated Russian assets to rebuild Ukraine. This was stated by US Secretary of State Anthony Blinken during a speech at the University of Texas.


"It's about $300 billion, and most of it is in Europe, not the United States. So we are looking at what legal authority we and the Europeans can have to really use these assets for Ukraine," the politician said.


Blinken emphasized that Russia should pay for the restoration of Ukraine, and noted that one way to do this is to use confiscated Russian assets.


The secretary of state said it is necessary to create a legal framework for the effective use of these assets in the interests of Ukraine.


"Because most of the assets are in Europe, as I said, the Europeans also have to ensure that there is a framework to do that," Blinken said.





The United States and European allies are working on a legal framework for using confiscated Russian assets to rebuild Ukraine. This was stated by US Secretary of State Anthony Blinken during a speech at the University of Texas.


"It's about $300 billion, and most of it is in Europe, not the United States. So we are looking at what legal authority we and the Europeans can have to really use these assets for Ukraine," the politician said.


Blinken emphasized that Russia should pay for the restoration of Ukraine, and noted that one way to do this is to use confiscated Russian assets.


The secretary of state said it is necessary to create a legal framework for the effective use of these assets in the interests of Ukraine.


"Because most of the assets are in Europe, as I said, the Europeans also have to ensure that there is a framework to do that," Blinken said.