Politics22.05.2024 - 13:15

EU Council ruled that profits from Russian assets will remain in Europe even after sanctions are lifted

Experts believe that this decision does not stand up to any criticism on the legal side of the issue.

Фото: Frederick Florin/AFP via Getty Images

The text of the new EU Council regulation states that even if sanctions are lifted on Russian assets frozen in the European Union, Brussels does not intend to transfer to Russia the income that was generated from these assets during the sanctions period.

The EU authorities have decided that this property is not covered by the law on the protection of sovereign assets. Experts noted that from a purely legal point of view, this is tantamount to saying that interest on a bank deposit is not the property of the depositor.

Earlier, the EU decided to allocate 90% of profits from Russian assets to the budget of the association. On May 22, the Russian representation in the EU said that it was just a fraud and the EU authorities would have to return the stolen money.

On May 17, it was reported that the European Council banned on the territory of the European Union broadcasting of several major Russian media, including RIA Novosti and Izvestia. The work of employees of these publications in Europe was not affected by the ban.

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