Estonia wants to outline a plan by the end of January for seizing some $21.4 million of Russian assets and delivering them under European Union sanctions to Ukraine. Estonian Foreign Ministry spokesman Mihkel Tamm said on January 10 that the Baltic state had started working on the proposal last month. The announcement comes as the European Commission is developing a bloc-wide arrangement to deal with $322 billion in Russian central-bank reserves and billions in frozen assets of Russian nationals sanctioned over Moscow’s invasion of Ukraine. To read the original story from Bloomberg, click here.
Estonia Announces Plan To Seize Russian Assets And Deliver Them To Ukraine
Estonian Prime Minister Kaja Kallas (right) and European Commission President Ursula von der Leyen (second right) visit Narva, Estonia's third-largest city, situated on the west bank of the Narva River by the Russian border, on October 10, 2022.