What does Europe risk by not confiscating Russian assets in favor of Ukraine?

The European Union is considering the possibility of providing Ukraine with profits from frozen Russian assets. We are talking about billions of dollars that our country could use for reconstruction or other needs.

So far we see opposition to transferring these funds to Ukraine. Political scientist, head of the Center for Analysis and Strategies Igor Chalenko told Channel 24 about this, adding that in fact this could result in serious challenges for Europe.

Why are these funds not allocated to Ukraine

The seized funds of the Russian Central Bank should be confiscated and transferred to Ukraine for subsequent restoration. But we have the position of the European Central Bank, which believes that such decisions will become an element of instability and will lead to negative pressure on the euro.

I cannot agree with this. I would like to remind you that Ukraine is an official candidate for membership in the European Union, that is, all restoration will take place within the framework of our European integration as a future full member of the EU,” emphasized Igor Chalenko

The European Central Bank must put this issue into perspective. The longer the funds are not used to restore Ukraine, the more expensive it will be. Even if we do not take into account new blows to infrastructure or the residential complex, this will happen due to inflation, rising prices for construction products, and rising payments in the relevant sector.

It is important for the European community itself to make informed, correct and prompt decisions. Therefore, the fact that they are not doing this now is a wrong position that slows down the process,” added the political scientist.

How do sanctions affect life in Russia

• The aviation industry of the aggressor country is subject to Western sanctions. In particular, Russian aircraft are increasingly making emergency landings due to depressurization, problems with the landing gear, and failure of control systems. Since the beginning of December, a similar situation arose on 11 aircraft.
• The occupiers wanted to replicate the Austrian Glock-17 pistol, but the Russians began having problems in the early stages. After all the experiments, the weapon still did not work; problems arose with the accuracy, lens and, accordingly, the ability to fire.
• Due to the difficult situation in the economy, Russian rich people are buying gold bars . In particular, they do this in order to be able to pay for goods with them. Russians cannot save their savings in foreign currency because it is prohibited, and banks where it is still possible to open foreign currency accounts charge a very high commission.