Europe should move from freezing Russian assets to seizing them, British foreign minister David Lammy said on Tuesday.

“It’s not an issue on which any government can act alone. We must act with European allies,” Lammy told parliament, saying the issue had been discussed between G7 and other international allies.

“Of course, Europe has to act quickly, and I believe we should move from freezing assets to seizing assets.”

    • Hotznplotzn@lemmy.sdf.orgOP
      link
      fedilink
      English
      arrow-up
      2
      ·
      edit-2
      14 hours ago

      That’s strange, here all works fine: Again: https://www.reuters.com/world/europe/uks-lammy-its-time-seize-russian-assets-not-just-freeze-them-2025-02-25

      Addition: It’s quite short text, here we go:

      Europe should move from freezing Russian assets to seizing them, British foreign minister David Lammy said on Tuesday, hardening Britain’s position on how the West should use bonds and other securities frozen since Russia’s invasion of Ukraine.

      After Russian President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia’s central bank and finance ministry, blocking $300-$350 billion of sovereign Russian assets.

      They are mostly European, U.S. and British government bonds held in a European securities depository.

      European leaders want to use those assets to help rebuild Ukraine, but have yet to reach an agreement on how to avoid legal challenges or setting a problematic international precedent, with several options under consideration.

      “Europe has to act quickly, and I believe we should move from freezing assets to seizing assets,” Lammy told parliament when asked if he would support emergency legislation to seize and repurpose the assets to support Ukraine.

      “It’s not an issue on which any government can act alone. We must act with European allies.”

      Lammy did not elaborate on exactly how he wanted to deal with those assets.

      In a January debate in parliament on what to do with the frozen assets, foreign office minister for Europe, Stephen Doughty, only went as far as to say Britain was considering “all lawful measures that we can possibly take to ensure that Ukraine gets the support it needs”.

      The European Union estimates that some 210 billion euros ($220.58 billion) of the frozen money is held in the bloc, mainly in Euroclear, a Brussels-based securities depository.

      Some Western officials, especially in the German government and the European Central Bank, have been reluctant to simply confiscate sovereign reserves, warning that such a move could face legal challenges and undermine the euro as a reserve currency.

      • Hellfire103
        link
        fedilink
        English
        arrow-up
        1
        ·
        11 hours ago

        Huh, I’m getting an access denied message. Maybe it’s my VPN…

  • Empricorn@feddit.nl
    link
    fedilink
    English
    arrow-up
    6
    arrow-down
    1
    ·
    2 days ago

    The time to do it was 3 years ago when Russia illegally invaded another country and started raping and killing. The second best time is right now, though…

    • rockerface 🇺🇦@lemm.ee
      link
      fedilink
      English
      arrow-up
      6
      ·
      2 days ago

      I mean, the illegal invasion began in 2014, they just disguised it as “The People™'s will”. But better late than never

    • Weslee@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      1 day ago

      Any examples for someone who wants to know more?

      Also what does that have to do with Russia’s illegal war in Ukraine?