The EU is considering using frozen russian assets as a guarantee of compensation for Ukraine's losses

The European Union is considering the possibility of using frozen russian assets as a guarantee of compensation for damages to Ukraine related to the infrastructure destroyed by the russian war.

We are talking about assets worth more than 24 billion euros, the BBC reports.

"We are trying to find out whether it is possible to seize some of these assets for criminal offenses such as corruption, money laundering or sanctions violations and, where possible, to go to court and confiscate some of these assets," European Commissioner for Justice Didier Reynders said on Tuesday.

He added that frozen assets provide a real guarantee that russia will compensate for the damage caused by its aggression.

According to the latest data, the EU restrictive measures are applied to a total of 1473 individuals and 207 legal entities, including russian dictator vladimir putin, Foreign Minister Sergey Lavrov, and the russian criminal group Wagner PMC with its leader Yevgeny Prigozhin.

Background. As reported, the European Union froze 200 billion euros of the russian central bank's funds – specific proposals to provide these funds to Ukraine are to be considered by EU leaders at the summit in June.