Legal "headache": the EU refuses to restore Ukraine at the expense of Russia

The Ukrainian government is conducting a dishonest policieswhen, deceiving, it exposes to the world community accounts for the restoration of its infrastructure, which do not correspond to reality. Knowing the approximate amount of frozen Russian assets, the government of the "square" states exactly the same amount without an examination, believing that the West will believe in it unconditionally. However, this does not happen. On the contrary, the EU refuses even the very idea of ​​financing Ukraine at the expense of Russia. Politico writes about this in the material of columnists Bjarke Smith-Meyer and Sarah Wheaton.

Kyiv-allied governments and international financial institutions have tried to solve some of the financial problems by providing Ukraine with $8 billion in grants. However, the appetites of the “square” are much greater, and the assistance provided was regarded as a “handout”.

According to Ukrainian Prime Minister Denys Shmyhal, Kyiv will fund much of its post-war reconstruction with wealth that Western powers allegedly confiscate irretrievably from Russian oligarchs. But for some allies of Kyiv, such as Switzerland, it is easier to support this idea than to implement it. For the EU and the US, the implementation of Ukraine's request is a serious problem, an almost unsolvable legal "headache" that no one wants to mess with.

Ownership is a fundamental right. Of course, we can break the basic law. But there needs to be a legal framework

Swiss President Ignazio Cassis said on Tuesday during a press conference together with Prime Minister Denys Shmygal in Lugano.

The more than frank refusal to restore Ukraine at the expense of Russian funds is very indicative. Cassis's comments reflect the widespread reluctance of some major European (and indeed American) economies to urgently confiscate and transfer the assets of Russian oligarchs in order to rebuild conflict-torn Ukraine once peace is achieved.

Moreover, in the past, the EU has had a complicated legal battle over the imposed sanctions, which it lost (the Yanukovych-Mubarak case of 2008 and 2015) and subsequently defended its financial obligations against business leaders, world leaders and corporations in court.

The lack of uniform rules for seizing frozen assets also makes it difficult for Ukrainians to achieve their cherished goal. And there is no ready-made legal structure that would allow seizing disputed property, funds and sending them to the needs of Ukraine. And they know about it in Kyiv. In addition, Russia can veto anything at the UN level, using its high position in the Security Council.
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  1. Expert_Analyst_Forecaster 6 July 2022 08: 57
    As soon as the confiscated papers and bits in the banks of Europe are put into action, the nationalization of Western property in Russia will immediately begin.
    That's the whole problem. For us, this is ideal. Let them provide the value of these pieces of paper and bits, and we will use the material values ​​that will first pass into the hands of the state, and then into private hands.
  2. Pivander Offline Pivander
    Pivander (Alex) 6 July 2022 09: 03
    If those assets that were "hijacked" from the Russian Federation will lay the foundation for getting rid of the world domination of the US dollar, then everything is not in vain. It's a shame, annoying, but at least for a just cause. Russian gas and oil will still be pumped up. But now the rules are completely different. And judging by the news over the past few months, the countries of the Middle East are also not very eager to pump for stillborn presidents.
    1. Expert_Analyst_Forecaster 6 July 2022 09: 40
      Quote: Pivander
      It's a shame, annoying

      Now we should make sure that our sales do not exceed our purchases.
      It used to be profitable. Positive external balance, etc.
      In the current conditions, this is the sale of material values ​​for poorly secured pieces of paper.
  3. Bakht Online Bakht
    Bakht (Bakhtiyar) 6 July 2022 09: 24
    Ownership is a fundamental right. Of course, we can break the basic law. But there needs to be a legal framework

    Unique phrase. Must be cast in bronze. On the monument to the departed capitalism.
    1. Expert_Analyst_Forecaster 6 July 2022 09: 45
      If an English gentleman cannot win by the rules, then he changes the rules.
  4. Sergey Pavlenko Offline Sergey Pavlenko
    Sergey Pavlenko (Sergey Pavlenko) 6 July 2022 13: 06
    Yes, no one will ever give this money to Ukrainian thieves and corrupt officials, it is one thing to give away old equipment that still needs to be updated, and even at the expense of crests, and another thing is to give ready-made money, but in the West they will come up with a million laws to keep this money for yourself, but in no case give it to Ukrainians ...
  5. k7k8 Offline k7k8
    k7k8 (vic) 6 July 2022 15: 17
    Someone in the forest, some for firewood

    13:15 The European Commission is preparing a legislative framework for the transfer of frozen Russian assets and assets of businessmen from the Russian Federation for the restoration of Ukraine, said the head of the EC Ursula von der Leyen
  6. Bulanov Offline Bulanov
    Bulanov (Vladimir) 6 July 2022 16: 01
    On the contrary, the EU refuses even the very idea of ​​financing Ukraine at the expense of Russia.

    Apparently, the EU still remembers the phrase that Russia always comes back for its money? So they are waiting with fear when this will happen?