Politics

Georgia, Moldova, and Serbia Oppose Transfer of Income from Russia's Frozen Assets to Kyiv

Georgia, Moldova, and Serbia Oppose Transfer of Income from Russia's Frozen Assets to Kyiv

Candidates for EU membership, namely Georgia, Moldova, and Serbia, have not joined the decision to transfer income from Russian frozen assets to Kyiv. This was stated by Josep Borrell, head of the European Union's foreign policy service, as reported by apsny.ge.

He clarified that the remaining EU candidates—North Macedonia, Montenegro, Albania, Ukraine, Bosnia and Herzegovina—have supported the decision to transfer the income from Russian assets to Kyiv. The initiative has also been joined by members of the European Free Trade Association, including Iceland, Norway, and Liechtenstein, Borrell added.

Borrell noted that the EU has welcomed the decision of these countries. On May 21, EU countries approved a plan for utilizing profits from the frozen assets of the Central Bank of the Russian Federation. On June 24, Borrell announced that the foreign ministers of EU countries had agreed to transfer income from Russia's frozen assets to the European Peace Facility to purchase weapons for Ukraine.

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