EU Eyes Sanctions Tweaks to Reassure US on Russian Assets Plan
- US concerned about potential interruption of windfall profits
- EU, US working on G-7 plan to provide Ukraine $50 billion
The headquarters of Russia's central bank, Bank Rossii in Moscow.
Source: BloombergThis article is for subscribers only.
The European Union has presented member states with two options to freeze Russian Central Bank assets for a longer period of time as it seeks to assuage US concerns over a Group of Seven plan to leverage the profits to provide Ukraine with some $50 billion in aid.
The two options are an open-ended immobilization of the assets that would be reviewed at regular intervals, or lengthening the roll-over period to, for example, 18, 24 or 36 months, according to a draft document seen by Bloomberg.