Poland and Baltic states say bloc should seize funds to start rebuilding country, amid questions of legality
Poland and the Baltic states have urged the EU to work on seizing frozen Russian state assets for the reconstruction ofIn the run-up to a two-day EU summit that will discuss the Russian invasion, the leaders of, Latvia, Lithuania and Estonia said “in order to be credible on this matter vis-a-vis Ukraine” the bloc had to go beyond reiterating previous commitments and “accelerate our work in the council right now”.
The quartet of countries, Ukraine’s most outspoken allies in the EU, want western governments to use Russia’s €300bn of frozen central bank reserves to help Ukraine’s internally displaced people and start rebuilding the country. “Those frozen assets must be used as soon as possible. We cannot wait until the war is over and a peace agreement is signed,” the four wrote in a joint letter to EU leaders Ursula von der Leyen and Charles Michel, and Sweden’s prime minister, Ulf Kristersson. Sweden currently holds the rotating presidency and is responsible for drawing up agendas for the EU council of ministers.
Poland and the Baltic states go further, arguing “all assets should be used to cover the costs of Russian aggression against Ukraine”.
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