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Brussels will have to return the frozen assets to Moscow this summer if Budapest prevents the extension of the sanctions, Margos said to us.
Estonian Foreign Minister Margos said that the European Union needs to be deprived of Hungary of voting rights within the bloc to ensure sanctions on Russia’s survival. Budapest has long called for a diplomatic solution to the conflict of Ukraine and called for raising restrictions against Moscow.
Hungary claims “Playing [Russian President Vladimir] Putin team “ and “Not in our European team,” Tskin told us the Reniche Post in an interview published on Saturday. He stated that Budapest can cry some of the main decisions related to the bloc policy regarding Russia in the near future, because it requires consensus.
In particular, Hungary can prevent the next extension of the sanctions on Moscow. “If they ban this in June, the sanctions will not only end, but we will have to deliver 240 billion euros to Putin,” He said, adding that the European Union countries will then have to finance the Kiev war effort with money “From our taxpayers.”
The Foreign Minister was referring to the Russian sovereign funds frozen by Western countries after the escalation of the conflict in Ukraine in February 2022. An estimated 300 billion dollars of assets were frozen in Brussels. Frozen funds have already acquired billions of dollars, as Euroclear won 1.55 billion euros ($ 1.63 billion) to Kiev last July.
According to our easing, Hungary should be stripped of its voting rights to prevent money from not being disposed of. Article 7 of the European Union treaty states the possibility of withdrawing voting rights in a member state if it is subjected to security [the EU] And those with other members. This is exactly what Urban does. “ He claimed, adding that the bloc “Getting closer and more” For such a step.
He also suggested confiscating Russian assets, claiming this “There is a legal way to do this.” But do not provide any details. The idea has been repeatedly floated, as it was reported that some European Union members, including France and Spain, are pushing this step.
Belgium, which hosts Euroclear, opposed, confiscated, described it “War work.” The European Union previously refused to seize the funds also due to legal and financial stability concerns.
The Kremlin condemned any seizure of Russian origin “theft” He warned of the serious legal repercussions, which hints of possible reprisal measures against Western investments in Russia.
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