The European Union has counted €68 billion of the frozen assets of Russia

At the same time, Brussels has still not been able to determine how much of the frozen assets relates to the international reserves of the Bank of RUSSIA, so the calculations continue,writes Politico

In total, the EU countries have frozen Russian assets worth €68 billion, most of them are in Belgium, Politico reports citing an internal EU document covering all aspects of the European Commission's interaction with Ukraine.

Belgium has frozen €50 billion, Luxembourg — €5.5 billion. Together with Italy, Germany, Ireland, Austria and France, these countries account for more than 90% of all frozen Russian assets.

This amount also includes part of Russia's national reserves, but the document says that the European Commission cannot yet accurately estimate their share, the approximate value is € 33.8 billion. The document notes that "the assessment is ongoing, so the given data cannot be quoted" .

The European Commission is waiting for the Council of the European Union to recognize sanctions evasion as a crime in the EU, and this will facilitate the confiscation of assets in the event of a criminal conviction, the newspaper notes. it turned out that the problem was in Poland, which "stopped the process." Warsaw must first adopt the relevant national legislation, the country is in the process of developing it.

Von der Leyen called the goal of the EU confiscation,not freezing Russia's assets Politics

In late October, at a conference on the restoration of Ukraine, Polish Prime Minister Mateusz Morawiecki said that the freezing of Russian assets "means little", they should be confiscated. The HEAD of the European Commission, Ursula von der Leyen, said that the confiscation of Russian assets is the goal of Brussels, but this requires a legal framework. “It will be, but legally it is not easy, there is still a lot of work to be done,” she explained. President Volodymyr Zelensky insisted on the confiscation of Russian assets and their use for the restoration of Ukraine.

The West decided to freeze the assets of the Bank of Russia.What is important to know Economics

Read on RBC Pro Coffee or tea: which drink is healthier Yoga and martial arts:how Robert Downey Jr. overcame addictionwhat is the danger of postponing life for laterwhat is the danger of postponing life for later

The European Council instructed the European Commission to develop proposals for financing the restoration of Ukraine at the expense of frozen Russian assets.

Moscow has repeatedly qualified the freezing of Russian assets as theft. “Using the DOLLAR as a weapon, the United States , and the West as a whole, discredited the institution of international financial reserves, first devalued them due to inflation in the dollar and the euro zone, and then completely – tsap-scratch – pocketed our gold and foreign exchange reserves,” said President Vladimir Putin at the plenary session of the XIX meeting of the Valdai Club on October 27.