2024-03-21 16:30:00
Western banks are afraid that Russia will hold them accountable in the future for the transfer of Russian assets in the form of euros to Ukraine, reports Reuters Photo: Vladimir Zhabrikov © URA.RU
Western banks fear that Russia could hold them accountable for seizing frozen Russian profits. Therefore, some of them began to lobby for corresponding proposals from the European Union. Reuters reports this.
“Some Western banks have begun lobbying for EU proposals to redistribute billions of euros in interest received from frozen Russian assets. <…> However, some banks fear that Russia could later hold them accountable if they are involved in any transfer of frozen Russian money to Ukraine,” note agency journalists, citing high-ranking sources in the banking industries. They also predict that trust in the Western banking system will be undermined in the future, and not only on the part of Russia.
The head of the EU diplomatic service, Josep Borrell, said that Ukraine will receive per year three billion euros each from Russian frozen assets. This decision was made earlier due to a lack of finances from Western countries to support Kyiv. The European Commission (EC) approved a proposal to direct income from Russia’s frozen assets to support Ukraine on March 20, reports “National News Service.”
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