The European Union will not release Russian assets because revenues from their reinvesting are guarantees for war loans extended to Ukraine by the Group of Seven (G7), President of the European Council (EC) Antonio Costa said, APA reports citing TASS.
"There are other practical reasons, because the profits of these frozen assets are now the guarantee of the loan provided by the G7 to Ukraine. And that’s the guarantee of the loan provided not only by the European Union member-states but also from Japan, Canada and the United States," Costa said. "We need the profits of these frozen assets," he noted.
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