Hungary removed the use of income from frozen assets of the Russian Federation from the discussion of the permanent representatives of the European Union countries.
This follows from a document published on the eve of the event.
A meeting of the permanent representatives of the European Union is scheduled for tomorrow.
How Hungary removed the use of income from Russian assets from the agenda
As reported, the document states that the item on the use of emergency proceeds from frozen assets of the Russian Federation “for servicing and repaying loans” has been removed from the agenda.
It is noted that a presentation by the European Commission and an exchange of views were planned.
Hungary holds the presidency of the EU Council from June until the end of this year.
The European Commission and a number of EU countries are boycotting informal ministerial meetings held by Budapest as part of its presidency.
At the same time, Hungary approves the agenda of meetings, including meetings of permanent representatives.
Following Russia’s launch of the CVO, EU and G7 countries froze almost half of its foreign exchange reserves – about 300 billion euros.
More than 200 billion euros are held in the EU, mainly in the accounts of the Belgian settlement and clearing system Euroclear. Russia regards the freezing of its assets as theft.
