The European Union does not plan to restrict Ukraine in using funds from frozen Russian assets. This concerns a credit of €35 billion from the EU.
This was stated by the Vice President of the European Commission, Valdis Dombrovskis, as quoted by the Baltic News Network.
He noted that the Russian assets frozen in European countries will, to some extent, serve as collateral for the planned €35 billion loan from the European Commission.
Additionally, there are plans to change the procedure by which decisions regarding the extension of the freezing of Russian assets are made every six months. According to Dombrovskis, this could happen much less frequently—once every three years—provided that EU countries can agree on this. However, it is expected that Hungary may oppose it.
Dombrovskis emphasized that, according to the G7 decision, Russian assets must remain frozen until Russia pays reparations to Ukraine.
In response to a question about how Ukraine will be allowed to spend the €35 billion loan, the Vice President of the European Commission stated that the funds would enable Ukraine to cover its general budgetary needs. He does not foresee any specific restrictions on the use of the loan.
Dombrovskis also mentioned that the total amount of frozen Russian assets in Europe could exceed €200 billion.
