Meloni's strong statement: opposes funding Ukraine from frozen Russian assets
Giorgia Meloni Reacts to Russian Assets: Amidst the ongoing war between Russia and Ukraine, Italian Prime Minister Giorgia Meloni has made a significant statement. Meloni has warned the European Union (EU) against using Russia's frozen assets. Meloni stated clearly that the EU should increase pressure on Russia but should avoid or not implement any plans that involve using Russia's frozen assets. Meloni made this statement ahead of the European Council summit in Brussels. She also stated that using Russian assets would violate international law.
What did Meloni say?
In fact, the European Commission has proposed that approximately 210 billion euros in frozen EU assets be used to guarantee loans to Ukraine in 2026 and 2027. The Commission has proposed this plan at a time when US military aid to Ukraine is declining. This reduction in US aid has impacted the budgets of European countries. Meloni opposed this planning, saying, "We believe, and I believe others must also believe, that respect for international rules and principles is essential."
Meloni dealt a blow to Britain
Meanwhile, it's worth noting that Britain recently issued a major statement regarding the Russia-Ukraine conflict. Britain stated its readiness to send its troops to Ukraine. Following Britain's move, it was believed that other European countries might follow suit, but Italian Prime Minister Meloni has clarified his stance. Meloni has clearly stated that his troops will not go to Ukraine.
What does international law say?
It should be noted that under international law, the seizure of assets of a sovereign country is prohibited. Many European countries, the European Central Bank, and the International Monetary Fund (IMF) believe that this rule cannot be violated. However, Russia has condemned any attempt to freeze assets and use them. Russian Finance Minister Anton Siluanov has already stated that Moscow will respond in a tit-for-tat manner.
"There will be a reckoning when the time comes"
Western countries froze approximately $300 billion in Russian assets after the Russia-Ukraine war began in February 2022. Of these, approximately 200 billion euros ($213 billion) are held by the Brussels-based clearing house Euroclear. The interest earned on these assets has already been used to aid Ukraine. Russia has described these European actions as "theft" and has stated that it will respond when the time comes.
You Might Also Like
-
Giorgia Meloni Reacts to Russian Assets: Amidst the ongoing war between Russia and Ukraine, Italian...
-
Malaysia ASEAN Summit: Malaysian Prime Minister Anwar Ibrahim has confirmed that Indian Prime Minist...
Leave A Comment
Comments