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US supports EU’s new measures to use frozen Russian assets to support Kyiv

During a press conference, Matthew Miller, the spokesman for the United States Department of State, expressed satisfaction after the European Union adopted a decision and regulation to allow the use of profits from frozen Russian assets to support Ukraine. The US is encouraged by any action the EU takes to use Russian assets for the benefit of Ukrainians, he stated.

Miller assured that the US will continue talking with allies and partners to use all possible channels to ensure that Russia pays for the damage caused in Ukraine. He mentioned that active discussions are ongoing with allies and partners, including the G7, on additional measures that can be taken within the framework of respective systems and international law to make Russia cease its aggression against Ukraine.

The EU has adopted a decision and a regulation clarifying the obligations of the Central Securities Depositories (CSD) that hold assets and reserves of the Russian Central Bank, which are immobilized due to the EU’s restrictive measures. Since the invasion of Ukraine, around €260 billion in Russian Central Bank assets have been blocked in Europe, two-thirds of which are immobilized in CSD accounts. An additional 19 billion euros have been frozen from individuals and companies included on the sanctions list due to their support for the war. This represents ongoing efforts to hold Russia accountable and provide support to Ukraine.

By Editor

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