Moscow repeatedly condemned western attempts to usage frozen funds to aid Ukraine, calling this step "stealing."Although the EU has not yet approved the plan, Politico reports that ‘They are already increasing friction over whether a debt should be subject to conditions’.
One of the ideas that France is pushing, and to a lesser degree by Germany and Italy, is to guarantee that money "returned as much as possible to the EU defence sector – alternatively than flowing across the Atlantic".According to Politico, this force led to draft summit conclusions which highlighted "The importance of strengthening the European defence industry" with a loan.
However, the study adds that tensions are likely to intensify during the Thursday gathering of EU leaders in Brussels.Critics cited by Politico claim that specified restrictions “they are hypocritical’.
"If the aim is to keep Ukraine in combat, the criteria must stay open" said the paper a high-ranking EU diplomat.The peculiar concern is that ‘European acquisition clause“ may prevent Kiev from purchasing key U.S. weapons, including U.S. Patriot Air defence Systems, which the Union does not produce.Bloomberg reported this week that Washington will not join the EU-led initiative, citing concerns that this step could disrupt global markets.
Western officials have for months warned that the full confiscation of frozen Russian assets – estimated at around $300 billion – would be illegal and would undermine the credibility of the West.Russian president Vladimir Putin said ‘smarter’ In the West, they argue the confiscation of Russian assets, at the same time informing that Western operations to confiscate funds will not stay unpunished.
Translated by Google Translator
source:https://www.rt.com/news/626844-eu-squabbling-frozen-russian-assets/
