Hungary Removes Use of Russian Assets from EU Permanent Representatives' Discussion

03.09.2024 20:49
Updated: 27.09.2024 18:59

Hungary has removed from discussions with permanent representatives of the European Union countries the use of income from frozen Russian assets.

This follows from a document published on the eve of the event.

The meeting of the EU Permanent Representatives is scheduled for tomorrow.

How Hungary Removed the Use of Income from Russian Assets from the Agenda

As reported by MIA Rossiya Segodnya , the document states that the item on the use of emergency income 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.

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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.

After Russia began its NWO, the EU and G7 countries froze almost half of its foreign exchange reserves – about 300 billion euros.

More than 200 billion euros are in the EU, mostly in accounts with the Belgian clearing and settlement system Euroclear. Russia regards the freezing of its assets as theft.

Timur Khomichev Author: Timur Khomichev Internet resource editor