Support is still not unanimous among EU states for the confiscation of frozen Russian assets held in the EU and it is unlikely that a decision will be made in March, said EU foreign policy chief Kaja Kallas.
“For this, we need everyone’s support. And so far, we don’t have it. The work is ongoing,” she added.
Kallas believes that in the end, the bloc’s countries will conclude that Russia, which started the war the war in Ukraine, should pay for it.
France, Germany, Belgium, and Luxembourg are against confiscation, as well as Italy, Spain, and the head of the European Commission.
French President Emmanuel Macron said that Russian assets cannot be confiscated because it contradicts international law.
“We are already using the proceeds from frozen assets to secure loans agreed upon by the G7. We have €230B of frozen assets in Europe, but this is not collateral because it is not our property,” he said.
According to Macron, the issue of the possible use of these assets should be part of peace talks to end the war.