European Council President Charles Michel spoke on Thursday for the confiscation of Russia’s assets frozen in the European Union (EU) as part of sanctions to make them “available” for Ukraine’s reconstruction.
He also felt that a donor conference for the reconstruction of Ukraine in which he was engaged in Warsaw should be the starting point. of a kind of European Marshall Plan for this country invaded by Russia.
Personally, I am fully convinced that it is very important not only to freeze the assets, but also make their confiscation possible, in order to make them available for the country to be rebuilt.he told Ukrainian news agency Interfax in an interview in Brussels.
This is the first time the president has spoken on the “confiscation” of Russian assetsclarified inAFP his spokesman.
US President Joe Biden asked Congress at the end of April to give him the possibility to confiscate the assets of Russian oligarchs stranded in the United States to use them for the benefit of Ukraine. Canada is on the same line.
An opinion was requested from the legal service of the European Council on the feasibility of such a proposal, due there are 27 legal systems in the European Union and in many member statesEUa court decision is requiredexplanation by Charles Michel.
It is a difficult and long processhe admits.
A “European Marshall Plan for Ukraine”
Lawyer by practice, President of the European Council, representative of the Heads of State and GovernmentEUis in Warsaw where he participates in a conference of donors for the reconstruction of Ukraine.
I see three priorities in this conference and three goals. The first is humanitarian aid, the second is money, the third is reconstructionhe said.
This conference should, in my opinion, be the starting point of a kind of European Marshall Plan for Ukrainehe argued.
” It is important to ensure that the Ukrainian authorities will be able, in the coming days and weeks, to have the money they need to achieve. [ces objectifs]. “
Charles Michel also favored the idea of transferring 10% of the International Monetary Fund’s (IMF) special drawing rights from member states to Ukraine. We need to consider in which Member States this will be possiblehe concludes.
Source: Radio-Canada
