February 23, 2024 1:29 am
US supports EU’s new measures to use frozen Russian assets to support Kyiv

The United States Department of State has expressed satisfaction with the European Union’s decision to allow profits from frozen Russian assets to support Ukraine. During a press conference, spokesman Matthew Miller stated that the US is encouraged by any action taken by the EU to use Russian assets for the benefit of Ukrainians. He also mentioned ongoing discussions with allies and partners, including the G7, on additional measures that can be taken within the framework of respective systems and international law to make Russia cease its aggression against Ukraine.

Miller assured that the US will continue talking with allies and partners to use all possible channels to ensure that Russia pays for the damage caused in Ukraine. The EU has adopted a decision and a regulation clarifying the obligations of Central Securities Depositories (CSD) holding assets and reserves of Russia’s Central Bank, which are immobilized due to EU restrictive measures. Since the invasion of Ukraine, around €260 billion in Russian Central Bank assets have been blocked, two-thirds of which are immobilized in the EU. An additional €19 billion have been frozen from individuals and companies included on sanctions list due their support for war. This represents an ongoing effort to hold Russia accountable and provide support to Ukraine.

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