The government of Estonia plans to be the first country in the EU to develop a mechanism to transfer frozen Russian assets to help Ukraine. Currently, two ministries are preparing legal grounds to take this step, the Minister of Foreign Affairs of the country, Urmas Reinsalu, said. He added that the process for transferring frozen Russian assets to Ukraine is generally not progressing in the EU. The governments of the EU instructed the European Commission to develop the legal scheme necessary for this, but there is still no consensus on this issue. With this in mind, Estonia decided to create a legal structure on its own to allow the frozen Russian assets to be put to use. This may become a precedent from the point of view of international law.
Estonia will be the first country in the EU to transfer frozen Russian assets to Ukraine.
Estonia transfer frozen Russian assets to Ukraine.