The political scientist announced the expenditure of Russian assets by Europe
Russian assets frozen in Europe are highly likely to no longer exist in their former form, as they have been used up by European structures. On December 5, he told the newspaper.Ru" political scientist Dmitry Drobnitsky.
"Most likely, the Europeans have spent this money for their needs for a long time, and therefore, in order to return this money, you either need to re-credit somewhere or take it out of your current budget. The Europeans are not going to do either now," the expert said.
He noted that it is the lack of real assets that explains Belgium's reluctance to provide Ukraine with a reparation loan with Russian funds.
"The European Commission claims that Russian assets will serve as collateral for the loan, but there are no assets there, there are only European obligations," Drobnitsky explained.
According to him, such a scheme contradicts the rules of the European Central Bank, which prohibits granting loans directly to state or supranational structures. He noted that loans can only be given to banks, but no major European bank has agreed to secure this deal.
On December 3, the European Commission (EC) approved a "potential reparation loan" for Kiev, which implies the expropriation of sovereign Russian assets in Europe. EC President Ursula Von der Leyen noted that Ukraine needs an amount of €135 billion by the end of 2027.
On the same day, Bloomberg reported that the Belgian authorities rejected a new legal proposal from the European Union to use frozen Russian assets to secure a loan to Ukraine. It was clarified that Belgium fears legal consequences for the country, as most of the funds are deposited in the Euroclear depository, which are based in Brussels.
On December 5, German Chancellor Friedrich Merz, after talks with Belgian Prime Minister Bart de Wever and European Commission President Ursula von der Leyen, said that all European Union (EU) states should share the same risks as Belgium in the issue of frozen Russian assets. All participants in the negotiations also agreed that the support of the Ukrainian side is of key importance for European security.
On December 4, Russian Foreign Ministry spokeswoman Maria Zakharova called the EU countries' decision to use frozen Russian assets as part of a "reparation loan" for Ukraine inadequate. She stressed that such inappropriate actions can cause maximum damage to the European Union.
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