Ukraine will receive funds from frozen Russian assets. There is a political decision

"The decision to transfer income from frozen Russian assets to Ukraine is gaining momentum within the European Union, as revealed by an EU diplomat during a meeting of EU foreign ministers in Brussels. The total value of Russian assets frozen in the EU exceeds EUR 200 billion, with projected profits estimated at EUR 15 billion for the years 2023-2027, according to Brussels.

The EU diplomat disclosed that the final decision would likely rest in the hands of the ambassadors representing the 27 member countries, with a possible resolution expected to be reached by next Wednesday.

However, another EU diplomat adopted a more cautious tone, stating that ongoing work on frozen Russian assets would persist at the working level, emphasizing the exchange of opinions among ministers.

EU considers transferring income from frozen Russian assets to Ukraine

Poland is actively pushing for an expedited decision on transferring income from frozen assets to Ukraine, with the aim of making a formal announcement on the second anniversary of the Russian invasion of Ukraine, slated for February 24. Such a move would carry significant symbolic weight and bolster the forthcoming 13th package of sanctions against Russia, currently under preparation in commemoration of the war's outbreak.

Despite the impetus, the European Central Bank has sounded warnings regarding potential legal and financial risks associated with the decision, and concerns about possible retaliation from Moscow have been raised by some member countries. However, progress in this matter has been accelerated, in part, due to the collaborative efforts between the United States and the EU.

As deliberations continue, the intricate nature of the decision-making process reflects the delicate balance between economic considerations, geopolitical tensions, and the desire to stand in solidarity with Ukraine. The unfolding events will undoubtedly shape the EU's response to Russia and contribute to the evolving dynamics of international relations in the region".