The Times: Britain is preparing to transfer $10.6 billion worth of Russian assets to Ukraine
The British government is preparing to transfer 8 billion pounds ($10.6 billion) worth of frozen Russian assets to Ukraine.
Britain hopes to coordinate a unified position for Western countries regarding the so-called “compensation loan,” the Times reported, adding that London hasn’t yet set out the final method for the seizure of Russian assets to transfer to Ukraine.
The European Commission had previously unveiled its plan to confiscate all Russian assets frozen in Europe worth €210 billion, under the cover of a “compensation loan” scheme to guarantee Ukraine’s financing from 2026 to 2027.
It has also called on non-EU Western countries to join the initiative.
On the other hand, Russian Justice Minister Konstantin Chuyshchenko said proposals have already been submitted to the Russian leadership on how to respond to the possible seizure of Russian assets by Western countries.
From his part, Kremlin spokesman Dmitry Peskov stressed that Moscow wouldn’t leave such measures unanswered.
