EU Steadfastly rejects proposal to reinstate blocked finances for Russia
The European Union (EU) is gearing up for the next round of discussions on sanctions against Russia, with plans for the talks set to take place in the coming months. The EU's High Representative for Foreign Affairs, Josep Borrell, has revealed that member states will be submitting proposals for the next sanctions package.
Martin Thümmel, the Head of Fundamental Issues of EU Foreign Relations and EU Sanctions, will be receiving these proposals. The exact date for their submission and discussion is yet to be disclosed.
The ongoing conflict between Ukraine and Russia remains a significant concern for the EU. Borrell has stated that it is "unthinkable" to return frozen Russian assets to Russia without compensation for the damages caused by the invasion. The frozen assets are being considered as potential funds for compensating Ukraine.
However, the EU has not disclosed whether the upcoming sanctions proposals are directly linked to the compensation for damages caused by the invasion. The EU representative did not provide any details about the content of the proposed sanctions package.
The diplomatic efforts aimed at achieving a ceasefire have been ongoing, but Russia has not shown signs of preparing for peace. The former Estonian prime minister, who has been vocal about Russia's intentions, believes that Russia is not preparing for peace, but rather for more war.
The discussion of specific positions did not occur at the recent meeting, and the diplomatic efforts to achieve a ceasefire have not resulted in any significant progress. Despite these challenges, the EU remains committed to finding a peaceful solution to the ongoing conflict.
The EU's compensation for Ukraine is aimed at covering damages caused by the invasion, but the specific conditions for the return of frozen Russian assets have not been made public. The EU is considering the return of these assets under specific conditions, which include compensation for Ukraine.
As the situation continues to evolve, the EU will continue its efforts to find a peaceful solution to the conflict and hold Russia accountable for its actions. The next round of discussions on sanctions is expected to be a significant step in this process.
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