The President of the European Council is in favor of confiscating the assets of Russians under sanctions for further use to repair the damage caused by Russia in the war it is waging against Ukraine.
Source: The President of the European Council Charles Michel
“I’m absolutely convinced that this is extremely important not only to freeze assets but also to make possible to confiscate them, to make them available for the rebuilding country. I’m personally convinced.”
At the same time, he said, referring to his professional experience as a lawyer, that “legal level is not so simple.”
“There are 27 legal systems across the EU and in many EU members states this needed decision taking by a court to make it possible. It takes time, it’s a difficult and long process.”
Michel said that he had already instructed the legal service of the Council to prepare “some possible ideas in order to find the legal solution in line with the principals of rule of law, that would facilitate and make possible the confiscation of the assets of the people who are sanctioned by the EU or by other countries in the world.”
See also: European Union has frozen 35 billion euros in Russian assets
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