The Trump administration is seeking to discourage European countries from using frozen Russian assets to support Ukraine's war effort, a senior Ukrainian official said Wednesday, adding that President…
Whatever their motives, the legal ground for using the frozen assets is very shaky regardless. Countries like France have been hiding behind the Belgians back, while at the same time categorically refusing to use the frozen funds located in France to be used. They are fully committed to making sure it’s somebody else that will get screwed over this. The fact is that it’s incredibly difficult, not to mention completely unprecedented, to use these types of frozen funds. Not even during WW2 was this done with German assets.
The service station change Teboil, in Finland, belongs 100 % to Russian Lukoil, because all German-owned property in Finland became Soviet property when the peace agreement between Finland and Soviet Union was made in year 1944.
So, there is precedent indeed, and Moscow is known to be okay with the concept.
And according to politico, Italy, Bulgaria, Malta and Czechia have joined the group of dissenting countries.
Whatever their motives, the legal ground for using the frozen assets is very shaky regardless. Countries like France have been hiding behind the Belgians back, while at the same time categorically refusing to use the frozen funds located in France to be used. They are fully committed to making sure it’s somebody else that will get screwed over this. The fact is that it’s incredibly difficult, not to mention completely unprecedented, to use these types of frozen funds. Not even during WW2 was this done with German assets.
@Pringles @HowRu68
The service station change Teboil, in Finland, belongs 100 % to Russian Lukoil, because all German-owned property in Finland became Soviet property when the peace agreement between Finland and Soviet Union was made in year 1944.
So, there is precedent indeed, and Moscow is known to be okay with the concept.
Technically the EU won’t " touch" the assets. They’ll use it as a collateral for a loan with a conditional future warreparation from Ruzz.
Add: And yes, this legal manoeuvring has no precendet afaik. It’s really very creative.