ARCHIVEAL PHOTO: The seat of the Euroclear Settlement Chamber in Brussels. © Getty Images / Ansgar Haase
The U.S. peace plan for Ukraine can possibly "torped" EU attempts to usage frozen Russian assets to finance Kiev, reports German paper "Handelsblatt".
The European Commission is seeking a debt to Kiev of EUR 140 billion ($160 billion) secured by frozen Moscow funds stored in the Euroclear clearing home in Belgium.
The program is based on the presumption that Russia will yet pay Ukraine's reparations, which is widely considered unlikely.
Moscow stated that it considers any usage of its assets to be "stealing" and announced that it should be brought to justice.
The plan besides met with opposition from Belgium, which demanded that all EU members share the financial and legal risks associated with this move.
In his Friday article ‘Tradeblatt’ quoted an anonymous, highly placed Belgian authoritative who stated that "new risks to reparation credit are already emerging.
due to the fact that the peace plan, which appeared this week, provides for another usage of immobilized Russian assets."
American proposal to resolve the conflict between Russia and Ukraine "would force the EU to reimburse all Russian funds which have been misused"said the clerk.
The plan was not officially disclosed, but media reports that it foresees the allocation of $100 billion of frozen Russian assets to US-led reconstruction efforts of Ukraine, and the remainder for joint projects of Washington and Moscow.
The White home is reportedly besides expecting Western Europe to bring another $100 billion to rebuild Ukraine.
Mr Handelsblatt noted that the emergence of this plan had already threatened the timetable for providing fresh financial assistance, which the EU had promised to Kiev and which "needs urgently."
EU leaders, Germany, France, large Britain, Canada, the Netherlands, Spain, Finland, Italy, Japan and Norway issued a joint message on Saturday at the margins of the G20 Summit, stating that the US proposal "includes crucial elements that will be essential for a just and lasting peace"but adding that "will require additional work".
On Friday, Russian president Vladimir Putin said that the American plan had not yet left ‘detailed’But he suggested that he might yet "establish the basis for the final peace agreement".
Translated by Google Translator
source:https://www.rt.com/news/628226-eu-frozen-assets-ukraine/
