{"id":8445,"date":"2025-03-18T15:28:54","date_gmt":"2025-03-18T12:28:54","guid":{"rendered":""},"modified":"2025-03-18T15:28:54","modified_gmt":"2025-03-18T12:28:54","slug":"uk-and-eu-discuss-confiscating-russias-frozen-assets","status":"publish","type":"post","link":"https:\/\/harici.com.tr\/en\/uk-and-eu-discuss-confiscating-russias-frozen-assets\/","title":{"rendered":"UK and EU discuss confiscating Russia&#8217;s frozen assets"},"content":{"rendered":"<p data-spacing=\"double\" data-pm-slice=\"1 1 []\">According to <em>Bloomberg<\/em>, officials from the UK and the European Union (EU) are exploring legal and financial avenues to confiscate Russia&#8217;s frozen assets, following its military intervention in Ukraine.<\/p>\n<p data-spacing=\"double\">This topic is on the agenda for today&#8217;s meeting in London between UK Foreign Secretary David Lammy and EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas.<\/p>\n<p data-spacing=\"double\">Sources speaking to <em>Bloomberg<\/em> noted that preparations for the potential confiscation of Russian assets are ongoing, despite opposition from some European countries, including Germany and Belgium.<\/p>\n<p data-spacing=\"double\">These countries believe that seizing Russian assets could violate international law norms and affect the euro exchange rate.<\/p>\n<p data-spacing=\"double\">The assets of the Central Bank of Russia held abroad were frozen after the start of the war, totaling over 260 billion euros.<\/p>\n<p data-spacing=\"double\">A significant portion of the frozen assets is held in the Euroclear depository in Belgium.<\/p>\n<p data-spacing=\"double\">The confiscation of Russia&#8217;s frozen assets has been discussed repeatedly for over three years since the start of the war.<\/p>\n<p data-spacing=\"double\">However, so far, only the use of income from interest on these assets has been decided, and this income is being directed to support Ukraine.<\/p>\n<p data-spacing=\"double\">EU officials have stated that there is no legal basis for the direct confiscation of the assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Bloomberg, officials from the UK and the European Union (EU) are exploring legal and financial avenues to confiscate Russia&#8217;s frozen assets, following its military intervention in Ukraine. This topic is on the agenda for today&#8217;s meeting in London between UK Foreign Secretary David Lammy and EU High Representative for Foreign Affairs and Security [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[3],"tags":[8078,5574,1229,3189,610,8079,6841,805,5390,8077,543,3820,4362,8080,6825,683,8081,1705,822,826],"class_list":["post-8445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","tag-asset-confiscation","tag-belgium","tag-central-bank-of-russia","tag-david-lammy","tag-eu","tag-euro-exchange-rate","tag-euroclear","tag-european-union","tag-financial-support","tag-frozen-assets","tag-germany","tag-international-law","tag-kaja-kallas","tag-legal-basis","tag-military-intervention","tag-russia","tag-russian-assets","tag-uk","tag-ukraine","tag-war"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK and EU discuss confiscating Russia&#039;s frozen assets - Harici<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/harici.com.tr\/en\/uk-and-eu-discuss-confiscating-russias-frozen-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK and EU discuss confiscating Russia&#039;s frozen assets - Harici\" \/>\n<meta property=\"og:description\" content=\"According to Bloomberg, officials from the UK and the European Union (EU) are exploring legal and financial avenues to confiscate Russia&#8217;s frozen assets, following its military intervention in Ukraine. 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