US supports EU’s new measures to use frozen Russian assets to support Kyiv

The United States Department of State has expressed satisfaction after the European Union adopted a decision and regulation to allow the use of profits from frozen Russian assets to support Ukraine. During a press conference, Matthew Miller, the spokesman for the US Department of State, stated that the US is encouraged by any action the EU takes to use Russian assets for the benefit of Ukrainians. He also mentioned that active discussions are ongoing 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) that hold assets and reserves of the Russian Central Bank, which are immobilized due to EU’s restrictive measures.

Since the invasion of Ukraine, the international community has been able to block around €260 billion in Russian Central Bank assets, two-thirds of which are immobilized in the EU. An additional 19 billion euros have been frozen from individuals and companies included on sanctions list due to their support for war effort. This represents ongoing efforts to hold Russia accountable and provide support to Ukraine.

The US government has been actively working with its allies and partners in Europe and other regions to impose economic sanctions on Russia in response to its aggression towards Ukraine. These efforts have had significant impact on Russia’s economy, making it increasingly difficult for Moscow to fund its military activities or support terrorism globally.

The US continues to call on all countries around

By Editor

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