25/06/2024, the founder of L&P made a comment on the economic news program of the RUSSIA-24 channel regarding the new initiative of the Council of the European Union, which provides for the possibility of using income from Russia’s sovereign assets “frozen” in the European Union to finance military operations in Ukraine. According to the heads of the EU institutions, a certain “legal mechanism” will be used to use the funds of the Russian Federation, which, naturally, leads to confusion, since, according to the current version of the Treaty on the European Union, consensus must be reached between all EU member states in order for the EU Council to make legally binding decisions, which is impossible in the current situation due to Hungary’s refusal to support such a dubious decision, both from a legal, political and economic point of view.
“History knows no examples of such a situation in the world today. The very discussion of the possibility of using the proceeds from the sovereign assets of the Russian Federation to help Ukraine set an extremely dangerous precedent. The discussion of this issue indicates that in the “Western world” there is a disregard for the right of private property. Such a decision may lead to the withdrawal of sovereign assets of other powers from the perimeter of the financial system of the European Union,” Alexander Linnikov said.
