New EU chief diplomat says all Russian assets frozen in EU should be used to aid Ukraine
www.pravda.com.ua
Thu, 12 Dec 2024 13:05:48 +0200
Kaja Kallas, the new High Representative of the European Union for Foreign Affairs and Security Policy, believes that billions of Russian stateowned funds frozen in the EU should be used to help Ukraine.
Source Kallas in an interview with the Guardian, as reported by European Pravda Details Kallas affirmed Ukraines rightful claims for compensation, emphasising that Russian assets within the EU serve as a tool to pressure Russia.
Despite acknowledging certain sensitivities, she expressed confidence that we will get there one day.
Kallas proposed using Russian funds to cover the cost of all the damage that Russia has caused to Ukraine.
Better to have a small bird in your hand than a big bird on the roof.
So we have the small bird in our hand the frozen assets and this is the tool to also pressure Russia, the new EU chief diplomat stressed.
Kallas also emphasised that Europe must increase its support for Ukraine should the United States halt its funding.
She underscored that financial assistance to Ukraine is not charity but is in the interests of both Europe and the United States.
If they the US reduce the aid, then we need to continue supporting Ukraine, because Im worried about what happens if Russia wins.
I think we will have more wars, bigger wars, she said.
Kallas described aid to Ukraine as an investment in both own and global security.
She highlighted this point, particularly in light of the North Korean militarys involvement in the war in Ukraine and Chinas military exercises in the South China Sea.
China is also learning from what Russia does, she added.
Background On Tuesday, 10 December, the US Department of the Treasury announced the allocation of US20 billion to Ukraine under the Group of Seven initiative to utilise proceeds derived from frozen Russian assets.
As part of the G7 plan, each country makes different commitments to secure a loan for Ukraine.
The European Union, for example, will provide 18.1 billion in macrofinancial assistance secured by the proceeds from frozen Russian assets.
The EU explained that the funds would be provided in equal monthly tranches until 2025 and could be used for defence purposes.
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