The USA will facilitate the transfer of frozen assets of the Russian Federation to Ukraine

The United States is helping European countries to develop a mechanism for transferring frozen Russian funds to Ukraine.

“We continue to work with our European partners to ensure that those (note: Russian) assets that remain, and will continue to remain frozen, we will use for the benefit of Ukraine,” said Matthew Miller, spokesman for the US State Department, Ukrinform writes .

In this way, the official commented on the EU countries’ intentions to use interest from frozen Russian assets for military aid to Ukraine.

As reported by Ukrinform, after the beginning of the Russian military invasion of Ukraine, the democratic countries of the world blocked Russian financial assets exceeding the amount of 300 billion euros. Most of these assets are believed to be in financial institutions located in the European Union, particularly in Belgium.

We will remind you that after the beginning of the full-scale invasion of Russia into Ukraine, Western countries froze more than 300 billion euros of financial assets of the Russian Federation. Most of these funds are in EU banks.

The day before, EU ambassadors approved the transfer of profits from frozen Russian assets to Ukraine. Then the decision must be finalized by the Council of the EU.

As reported by USM, Ukraine may receive the first tranche of frozen assets of the Russian Federation in May.