There are several ways to attract frozen Russian assets to help Ukraine, one of which involves a loan secured by assets or profits from them. This was stated by the head of the National Bank of Ukraine Andrey Pyshny in an interview with the Ukrainian service of the Voice of America.
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“We at the NBU remain supporters of a consolidated response from the international society, not violating international law, which leading legal schools have identified the concept of countermeasures, this opens up the possibility of access to the most immobilized assets.
At the same time, we see that the discussion has now revived around another option, also debt-based: when these immobilized assets are considered as collateral for the corresponding loan . There are other options that provide that Ukraine should be able to attract a loan against future income that these immobilized assets generate,” said the head of the NBU.
Pyshny also said that for each option you need political and legal will. At the same time, he noted that, first of all, to open access to Russian assets for Ukraine, political will is needed, and legal reasons for attracting Russian assets already exist.
Let us remind you
Earlier, Executive Vice President of the European Commission Valdis Dombrovskis said that the G7 countries are discussing the use of frozen Russian assets worth almost $300 billion as collateral for loans to Ukraine.