The U.S. fully Backs the European Union (EU) using Frozen Russian Assets, as a Tool to Support Ukraine and End the War with Russia.
As the West seeks to Ramp-Up Pressure on Moscow, the European Commission has Proposed a Plan allowing EU Governments to use up to 185 billion euros ($217 billion) - most of the 210 billion euros worth of Russian Sovereign Assets currently Frozen in Europe. Before, they were using only the Interest.
Washington "absolutely supports (the EU) and the steps they're taking right now to be in a position to make use of those assets as a tool," a Source saide.
After Russian President Vladimir Putin sent Troops into Ukraine in 2022, the U.S. and its Allies Prohibited Transactions with Russia's Central Bank and Finance Ministry, Immobilizing around $300 billion of sovereign Russian Assets. The European Proposal is being Held-Up due to concerns from Belgium, where most of the Assets are Located.
Germany suggested on Friday, that recent Drone Sightings over Airports and Military Bases in Belgium, were a Message from Moscow Not to Touch the Frozen Assets. Moscow has Denied any Connection to the Incidents and has Promised a "Painful Response" if its Assets are Seized. Those Assets were to be used to Rebuild Ulraine when the War ends.
In a Renewed Attempt to End Russia's War, Trump (R) hit Rosneft and Lukoil, its Two Biggest Oil Companies, with Sanctions late last month, adding to an unprecedented basket of Economic Sanctions that seek to Pressure Moscow and those doing Business with it.
The move underlined Washington's intent to Squeeze Russia's Finances, and Force the Kremlin towards a Peace Deal in its 3-1/2-year-old Full-Scale Invasion of Ukraine.
Washington is watching the Fallout from the Rosneft and Lukoil move, and says "there are more things we could do to try to up the pressure".
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