How Can EU Use Russian Assets?

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00:00One of the biggest hurdles is the frozen Russian money in Belgian bank accounts. How will European

00:07leaders get around accessing these sovereign funds, which are protected by international law?

00:15Hello, Leanne, and thank you so much for having me. It's a pleasure to be back on the show.

00:21Of course, there are two sides of the story. The first point is a legal side of

00:27using Russian assets for the sake of Ukraine, for the sake of Europe. And second is a political side.

00:34And so as for the legal side, our European partners have already found a way

00:39so to use these money as a collateral for a loan to Ukraine that Ukraine will not have to pay back

00:50until Russia will pay the reparations for everything that they have destroyed.

00:55So it's basically Russia would either have to forfeit their frozen assets in Europe,

01:01or will have to pay for the destructions that have happened in Ukraine because of Russia.

01:06And so right now, what was missing was a political decision to go ahead and

01:11have a vote on using this for additional loans. I believe we need about 90 billion euros as of right

01:22now to have a forecast for the next two years that our main expenses will be covered. And so we can

01:31continue fighting against Russia, we can continue existing as a state without a threat that international

01:38support will be disrupted.

01:42American money is created by Russia is dedicated to Russia.

01:46The end of today is so involved and possible that it is increased every single single