https://sputnikglobe.com/20240402/eu-make-no-decision-on-use-of-russian-frozen-asset-profits-in-near-future---official-1117698438.html
EU Hesitant on Making Moves to Use Russian Frozen Asset Earnings
EU Hesitant on Making Moves to Use Russian Frozen Asset Earnings
Sputnik International
EU Commissioner for Economic Affairs Paolo Gentiloni told Sputnik on Tuesday he saw no decisions made by the European authorities on the use of the profits from the Russian frozen assets in the near future.
2024-04-02T12:14+0000
2024-04-02T12:14+0000
2024-04-02T12:43+0000
economy
russian economy under sanctions
frozen assets
european union (eu)
paolo gentiloni
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"We are talking about 250 billion euros [$268.5 billion], we are talking about using profits from them. I do not see any decisions on this issue made [by the EU authorities] in the near future," Gentiloni said.Sputnik previously estimated that schemes to confiscate Russian assets could result in the West incurring around $288 billion in tit-for-tat retaliation. Last year, Russian President Vladimir Putin criticized the West's seizure of assets as "unseemly business" and emphasized that "stealing the assets of others has never led to positive outcomes."
https://sputnikglobe.com/20240125/west-could-face-300bln-boomerang-in-gamble-to-seize-russian-assets-sputnik-estimates-1116380567.html
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EU Hesitant on Making Moves to Use Russian Frozen Asset Earnings
12:14 GMT 02.04.2024 (Updated: 12:43 GMT 02.04.2024) MOSCOW (Sputnik) - EU Commissioner for Economic Affairs Paolo Gentiloni stated in an interview with Sputnik on Tuesday that there have been no decisions made by European authorities regarding the utilization of earning gained from Russian frozen assets in the foreseeable future.
"We are talking about 250 billion euros [$268.5 billion], we are talking about using profits from them. I do not see any decisions on this issue made [by the EU authorities] in the near future," Gentiloni said.
Sputnik previously estimated that schemes to confiscate Russian assets could result in the West incurring around $288 billion in tit-for-tat retaliation. Last year, Russian President Vladimir Putin criticized the West's seizure of assets as "unseemly business" and emphasized that "stealing the assets of others has never led to positive outcomes."
