On Wednesday 24 July, the ambassadors of the Member States to the European Union (Coreper) discussed options put forward by the European Commission to increase the legal security of loans to be granted to Ukraine by the G7 countries from 2025 by pledging them against future profits (€3 to 4 billion a year) generated by the Bank of Russia’s assets tied up in the EU.
The options identified by the Commission aim to extend the duration of the European sanctions targeting these Russian...