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US Encouraged by EU Decision to Use Russian Assets to Support Ukraine: Spokesman Matthew Miller

ByEditor

Feb 13, 2024
US supports EU’s new measures to use frozen Russian assets to support Kyiv

The spokesman for the United States Department of State, Matthew Miller, expressed satisfaction after the European Union adopted a decision and regulation to allow the use of profits from frozen Russian assets to support Ukraine. During a press conference, Miller stated that the US is encouraged by any action the EU takes to use Russian assets for the benefit of Ukrainians.

Miller assured that the US will continue talking with allies and partners to use all possible channels to ensure that Russia pays for the damage caused in Ukraine. The EU has adopted a decision and a regulation clarifying the obligations of the Central Securities Depositories (CSD) that hold assets and reserves of the Russian Central Bank, which are immobilized due to the EU’s restrictive measures.

Since the invasion of Ukraine, the international community has been able to block around €260 billion in Russian Central Bank assets, two-thirds of which are immobilized in the EU. An additional 19 billion euros have been frozen from individuals and companies included on the sanctions list due to their support for the war. This represents ongoing efforts by both Europe and other countries worldwide to hold Russia accountable and provide support to Ukraine.

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