Georgia, Moldova and Serbia do not join EU decision to transfer revenues from frozen Russian assets to Kyiv

Some EU candidates, namely Georgia, Moldova and Serbia, did not join the decision to transfer revenues from frozen Russian assets to Kyiv. As TASS reports, High Representative of the EU for Foreign Affairs and Security Policy Josep Borrell said this in a statement.

Borrell noted that other EU candidates, namely North Macedonia, Montenegro, Albania, Ukraine, Bosnia and Herzegovina, supported the decision. The member states of the European Free Trade Association, namely Iceland, Norway and Liechtenstein, endorsed the initiative as well, Borrell added.

On May 21, the European Union approved the plan for using the revenues from the frozen assets of the Central Bank of Russia. On June 24, Borrell announced that the EU foreign ministers had agreed to transfer revenues from Russia’s frozen assets to the European Peace Facility for the purpose of buying weapons for Ukraine.

The Ministry of Foreign Affairs of Russia did not rule out that Moscow might file a claim to the International Court of Justice in case of a possible transfer of revenues from Russia’s blocked assets to Kyiv. Russian President Vladimir Putin noted on June 14 that any attempt by Western countries to seize Russian assets will be considered theft and will not go unpunished.