US EditionMalta Joins Belgium, Italy and Bulgaria in Opposing the Use of Frozen Russian Assets for Ukraine
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Italy, Bulgaria and Malta have joined Belgium, protesting the European Union plan that would allow the use of frozen Russian assets to finance Ukraine. The plan provides for the use of approximately € 210 billion for the creation of a credit line for Kiev. The amount comes mainly from the assets of the Russian Central Bank frozen in Europe after Ukraine's invasion of 2022. frozen assets, not confiscated In a joint statement, consulted by Politic…
Malta joins Belgium, Italy and Bulgaria in opposing the use of frozen Russian assets for Ukraine
Malta is a signatory to a statement released by Belgium, Italy and Bulgaria declaring opposition to the European Commission’s proposal to fast-track a law to issue a reparations-loan to Ukraine backed with Russian assets as collateral. Belgium has been opposing this proposal fearing Russian repercussions. Malta did not oppose the latest action of indefinitely freezing Russian assets. The Maltese Herald contacted local diplomatic sources and conf…
Several member states would consider taking a step equivalent to a declaration of war.
Italy, Bulgaria and Malta have joined Belgium in the opposition to a plan to finance Ukraine from frozen Russian assets, a scheme that would have been used about EUR 210 billion to create a credit line for Kiev.
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