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Von der Leyen proposes using profits from frozen Russian assets to arm Ukraine

The President of the European Commission Ursula von der Leyen proposed: Wednesday to use profits from frozen Russian assets to finance military equipment for Ukraine.

“It is time to start discussing using windfall profits from frozen Russian assets to jointly purchase military equipment for Ukraine,” von der Leyen said in a speech to the European Parliament in Strasbourg.

How to use Russian state assets that were blocked after Russia launched its invasion of Ukraine Russia two years ago was the subject of intense discussions, and raised thorny legal questions.

The option of confiscating these funds arouses strong reluctance in within the 27, but the EU is working on ways to use the income generated by them.

“With or without the support of our partners, we cannot “not let Russia win”, insisted the President of the European Commission.

Referring more broadly to the situation in the EU, she insisted on the necessary strengthening of European sovereignty which consists of “taking responsibility ourselves for what is vital, even existential, for us”.

“The threat of war may not be imminent, but it is not impossible,” she stressed. “The risks should not be exaggerated but we should be prepared for them.”

Ursula von der Leyen congratulated Sweden on its upcoming membership of NATO, “a historic step for this country and for our common security”.

All rights of reproduction and representation reserved. © (2024) Agence France-Presse

Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116