The European Parliament has gained more support for confiscating Russian assets, but the G7 is inclined to use only their generated revenue.
The European Parliament held a debate regarding the use of frozen assets belonging to the Russian Central Bank, where most deputies support the European Commission’s proposal to transfer the profits from these assets to Ukraine. However, many parliamentarians insist that this is not enough. They gave various arguments in favor of confiscating all seized Russian assets, totaling nearly €300B globally, of which about €220B are being held in the EU. Member of the European Parliament Andrius Kubilius emphasized that confiscation