European countries have frozen more than 240 billion euros of Russia's private and public assets. The European Union is working on a mechanism to use the funds to compensate for the damage caused to Ukraine. This was announced by European Commissioner for Justice Didier Reynders during his speech at the conference "Restoring Justice for Ukraine" in The Hague.
He noted that the EU continues to work to ensure that the frozen Russian assets are used to compensate Ukraine for the damage caused by Russia. According to him, discussions on this issue are ongoing, in particular, regarding both private and state assets of the Russian Federation.
According to the European Commissioner, 37 billion euros of private assets of Russians and about 200-208 billion euros of state assets of Russia have been frozen in European countries.
He also expects that a decision will be made quickly on the use of proceeds from immobilized Russian assets. It is about 2-3 billion euros per year.
