The head of EU diplomacy, Josep Borrell, proposed transferring Russia's frozen gold and foreign exchange reserves to Ukraine for the restoration of the country. Lavrov said that Borrell is known for ideas about confiscation of other people's property /756521915889815.jpg” alt=”Lavrov considered the possible transfer of Russian reserves to Ukraine as theft” />
Possible transfer of Russia's frozen gold and foreign exchange reserves to Ukraine— this is theft, said Foreign Minister Sergei Lavrov at a press conference following his visit to Algeria. The video was published on the YouTube channel of the Ministry of Foreign Affairs.
“This is, one might even say, theft that they don’t even try to hide,” — Lavrov answered the question of whether the proposal to transfer Russian money to Kyiv for the restoration of the country was a robbery.
He stated that for the West, theft is becoming “something like a habit”, and cited the example of freezing the money of the Afghan Central Bank in the United States. “They want to use them not for the needs of the people of Afghanistan, who have suffered from the consequences of the 20-year stay of NATO countries, but they want to use them for some other purposes that are not related to the restoration of the Afghan economy,” — he stressed.
The US presidential administration explained the freeze as an attempt to close access to money to the Taliban that came to power; (a terrorist organization banned in Russia). In February, President Joe Biden committed $7 billion of the $9 billion in these assets to humanitarian aid to Afghanistan and the families of the victims of the September 11, 2001 attacks.
Lavrov also said that the head of EU diplomacy, Josep Borrell, who owns the idea of transferring money for the restoration of Ukraine, “is known not only for his ideas in the field of confiscation of other people's property.” The head of the Russian Foreign Ministry advised Borrell not to forget that he is the chief diplomat, and not the military leader of the EU, because of his words about a military solution to the Ukrainian crisis.
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After the start of Russia's military operation in Ukraine, Western countries, including the European Union, froze about $300 billion— half of Russia's gold and foreign exchange reserves, the Finance Ministry reported. The head of the Central Bank, Elvira Nabiullina, said that the Russian side would challenge the freeze in court.
The Ukrainian authorities spoke of a desire to receive money from Russia's frozen reserves and use them to restore the country's infrastructure and economy. President Volodymyr Zelensky estimated the cost of recovery after the Russian special operation at $600 billion. Prime Minister Denys Shmyhal reported on negotiations with the United States and partners regarding the transfer of funds.
On May 9, Borrell suggested that EU countries consider sending frozen reserves to pay for the costs of restoring Ukraine after hostilities. He called the idea logical and expressed the hope that the “military compensation” initiative will come from Russia itself.
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