Key Points
- The EU is planning to remove frozen Russian assets from the Belgian jurisdiction and transfer them to a new EU structure.
- The assets will be managed by a central block structure to be established specifically for this purpose.
- The news was published by Euractiv, a portal closely monitoring EU policies.
The European Union is working on a scheme to take frozen assets under sanctions against Russia out of the Belgian jurisdiction and transfer their management to a new EU structure to be established specifically for this purpose. The plan leaked to the public by Euractiv envisages the assets being managed by a central block structure.
This initiative aims to strengthen the legal enforceability of sanctions and reduce the risks inherent in the current Belgium-centered structure. EU officials want to create a more robust framework for the long-term management of assets and against potential legal challenges. The technical details and timeline of the plan are still being finalized.
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Frequently Asked Questions
- What exactly is the EU planning?
- It is working on a scheme to take frozen Russian assets out of the Belgian jurisdiction and transfer their management to a new EU structure to be established.
- Why is there a desire to move them from Belgium?
- The current Belgium-centered structure is thought to contain legal risks, and a central EU structure is seen as more secure.
- When will the plan come into effect?
- No clear timeline has been announced yet; technical work and legal assessments are ongoing.
This is an AI-generated summary. The full story lives at the source.
Read the full story at the sourcelife.ruHow we produce our content →This story across sources · 6 · 6 countries
- Ukrainska Pravda·
- Gazeta.pl·
- Lenta·
- Mediafax·
- News.ru·
- Burgasnews·