On Wednesday, the EU will launch an ad hoc group to investigate how frozen Russian funds, including central bank reserves, can be used for reconstruction work in Ukraine, the Swedish government said.
“The mandate is to contribute to mapping which funds have been frozen in the European Union … and secondly how to legally proceed to access those funds,” Swedish Prime Minister Ulf Kristersson told a news conference in Stockholm.
He said that no prior model exists for handling Russian assets, and the EU must establish appropriate legal procedures.
“It’s Russian tax payers, not all other tax payers, who must bear the cost of the necessary reconstruction work,” Kristersson added.
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