EU’s Kallas says Russia won’t get frozen assets back without paying reparations

Copenhagen (Reuters) -Is the Foreign Policy Chief Kaja Kallas, the European Union, said it was not possible to imagine the return of frozen Russian assets in the block due to the war in Ukraine unless Moscow pays on Saturday.

“Probably … If … If … If … if they do not pay for compensation, if there is a cease -fire agreement or peace agreement,” he said.

The EU said the Russian presence froze about 210 billion euros (245.85 billion dollars) in the block under the sanctions imposed on Moscow because it occupied Ukraine.

Some EU countries, including Ukraine and Poland and Baltic states, asked the EU to seize assets and use them to support Kiev.

However, the EU has rejected such calls with Belgium, which holds most of the heavy weights of France and Germany.

They stated that the EU has allocated the future profits from beings to pay back support to Ukraine, and questioned whether there was a legal basis to seize them.

Diplomats say that after the war in Ukraine stopped, the discussion turned towards how funds can be used.

(1 $ = 0.8542 Euro)

(Reporting by Andrew Gray, editing by Jacob Gronholt-Pedersen)