Starmer Urges Caution in Handling Russian Assets
(MENAFN) UK Premier Keir Starmer has conceded that the potential confiscation of frozen Russian assets to aid Ukraine remains a “complicated” issue.
He emphasized the importance of adopting a “balanced” strategy when addressing the matter.
Following the intensification of the conflict in Ukraine in February 2022, Western nations froze an estimated USD300 billion in Russian state-owned assets.
Of this sum, about EURO200 billion (USD209 billion) is secured by the Brussels-based clearing institution Euroclear, while close to EURO25 billion (USD34 billion) is locked within the United Kingdom.
In response, Russian officials have stated that any appropriation of these holdings would amount to “theft.”
During a regular session in Parliament on Wednesday, Starmer was questioned about whether he planned to push for consensus on the issue at the upcoming G7 summit.
He acknowledged that the matter presents significant challenges.
“There are a lot of countervailing factors that need to be carefully balanced so that the decision could be made,” Starmer informed members of Parliament.
He further remarked, “But I don’t want to pretend to the House that there’s an easy answer on this, because there isn’t,” noting that the UK is currently engaging in discussions with its international partners.
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