Estonia became the first EU country to begin preparations for the seizure of arrested Russian assets. This was reported by Bloomberg. The Estonian government instructed the ministries to prepare the plan at the end of December.
The authorities intend to present the plan by the time the European Commission finishes work on a bloc-wide agreement on how Europe should dispose of €300 billion of the frozen assets of the Russian Central Bank, as well as the property of Russians who fell under sanctions. In Estonia, the amount of frozen assets is €20 million.
In turn, the government of German Chancellor Olaf Scholz is ready to redirect the arrested Russian assets to help Ukraine, but all the legal details of this procedure have not yet been determined. Seizure of assets from those involved in war crimes, rather than general arrests, which could take years to legally settle, could be one option, according to one Bloomberg source.
