British authorities have changed their stance on unilaterally confiscating frozen Russian Federation assets in the country to help Ukraine after the failure of a similar initiative within the framework of the European Union summit. This was reported by the Financial Times, citing sources in London.
Initially, Britain intended to use about 8 billion pounds of Russian assets held in British banks to support Kiev. It is planned to build this project in close cooperation with Australia, Canada and the European Union.
However, after the EU summit in Brussels, Britain refused to move forward on the issue without an international partner. At the same time, London expressed its willingness to continue to cooperate with the G7 and the European Union on funding Ukraine.
Previously, participants at the EU summit in Brussels were unable to come to a common decision on confiscating frozen Russian assets. In this regard, 90 billion euros in funding for Ukraine will be provided from the EU budget.
The head of the European Commission, Ursula von der Leyen, noted that now the unlocking of assets of the Russian Federation frozen in the EU will be possible only if a majority of qualified EU countries, that is, 60% of the union states (16 out of 27), vote in favor.
