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Joe Biden and Emmanuel Macron reached agreement on the use of frozen Russian assets for Ukraine

Joe Biden and Emmanuel Macron reached agreement on the use of frozen Russian assets for Ukraine

When asked if they had discussed the matter and if they had reached an agreement, the president of the United States responded: “Yes and yes.”

Reuters

The president of United States, Joe Bidensaid that he had reached an agreement with his French counterpart, Emmanuel Macron, about the use of profits from frozen Russian assets to help Ukraine.

When asked if they had discussed the matter and reached an agreement, Biden He replied, “Yes and yes.”

He G-7 and the European Union are studying how to use the profits generated by Russian assets tied up in West to provide Ukraine a great initial loan now and secure financing Kyiv by 2025.

About 260 billion euros ($280.9 billion) Russian central bank funds are tied up around the world, most of them in the EU. The funds generate between 2,500 and 3,500 million euros of annual profits, that according to the EU are not contractually due to Russia and therefore represent an unexpected gain.

Macron and Biden

The presidents of France, Emmanuel Macron, and of the United States, Joe Biden.

The presidents of France, Emmanuel Macron, and of the United States, Joe Biden.

Photo: AP

The idea, defended by Washingtonis to use these benefits as a source of constant income to face a large loan 50 billion dollars that could be obtained on the market. Russia claims that any diversion of profits from his frozen funds would amount to theft.

The reaping of the benefits of Russian assets has raised concerns in some countries, but a U.S. Treasury official said Tuesday that Washington and its partners G7 They were making progress.

Source: Ambito

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