Foreign Minister Alexander Schallenberg (ÖVP) warns against the use of frozen Russian assets for the reconstruction of Ukraine. “We have to be very careful,” Schallenberg said on the sidelines of the reconstruction conference in London. He fully understands the emotional nature of the debate, “but we are states of law, we defend a rules-based international order”.
The EU commission wants to use frozen Russian assets to support Ukraine. The EU Commission wants to present a plan for this before the summer recess. Any measure must be “absolutely watertight from a legal point of view”, the minister emphasized in an interview with Bloomberg TV.
‘Repealed measure would be a disaster’
“It can and will be challenged in US or European courts, and if any of the measures are overturned by a judge, it would be a diplomatic and economic disaster,” Schallenberg warned Wednesday.
The Russian Ambassador to London, Andrei Kelin, described such plans as illegal in an interview broadcast by British broadcaster Sky News on Wednesday night. “Nobody can use this money, it’s state money,” Kelin said of the more than €320 billion in Russian funds that Western states have frozen.
Private companies have to invest in Ukraine
The Ukraine Recovery Conference, which ends in the British capital on Thursday, should lay the foundations for the reconstruction of the country. The focus is on how to encourage private sector companies to invest in the country, which has been hit by Russia’s war of aggression.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
