Senior EU official weighs in on seizure of Russian assets ...News

Confiscation is not a political decision and requires legal justification, says the commissioner for economic affairs The confiscation of Russian foreign assets would be “a very difficult step” as it is not a political decision and requires judicial justification, European Commissioner for Economic Affairs Paolo Gentiloni said on Monday. Earlier this month, several senior EU officials proposed seizing Russian foreign exchange reserves, which had been frozen in response to Moscow’s military offensive in Ukraine. EU foreign policy chief Josep Borrel suggested the funds should be used to cover the cost of rebuilding

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