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Greece estimates potential Russian assets EU could utilize for Ukraine aid

Greece estimates potential Russian assets EU could utilize for Ukraine aid Photo: EU will be able to dispose of Russian assets to support Ukraine (Getty Images)

Special Representative of Greece for Ukraine, Spyridon Lambridis, stated that the European Union will approve a project to use the proceeds from Russian assets on its territory and allocate them to support Ukraine, informs AFP.

According to the diplomat, this brings the EU closer to agreeing on a more nuanced approach to confiscating proceeds from Russian state and private assets to create a fund for supporting Ukraine.

He believes that this process could take several months. Lambridis estimates that through such a mechanism, the EU could collect between 50 to 60 billion euros.

"While it's a small step, it's at least a move to show the Russians: look at what you've done," Lambridis added.

The diplomat opposed the decision to confiscate Russian assets, as it contradicts international law and the confiscation of Western assets in Russia. However, he is confident that in the event of a conflict in international courts regarding the use of Russian assets, they will still win.

On the eve of the second anniversary of the full-scale Russian invasion and the 10th anniversary of the Ukrainian people's resistance to Russian aggression, the Verkhovna Rada appealed to the international community.

The leader of the Servant of the People party, Olena Shulyak, emphasized that we demand the unconditional enforcement of sanctions against the Russian Federation to stop its armed aggression against Ukraine, as this strike "will help save lives and homes."