Austria has welcomed the European Commission’s initiative to create a so-called “reparations loan” for Ukraine, which is to be financed using frozen Russian assets.
Source: Censor.NET
This was reported by Austria’s Federal Ministry for European and International Affairs (BMEIA).
“Austria generally supports the European Commission’s idea of creating a ‘reparations loan’ for Ukraine funded by Russian assets, but is awaiting the publication of the legal text for detailed analysis,” the ministry stated.
The ministry emphasized that Russia must bear financial responsibility for its aggression against Ukraine.
“Russia must face the consequences of its aggressive war, which violates international law, including financial accountability. A strong legal framework is needed for this,” the Austrian foreign affairs ministry stressed.
The European Commission’s initiative envisions a financial mechanism that would allow Ukraine to receive funds in the form of a loan, which would be repaid using profits from frozen Russian assets.
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