nam 22 uu 4500 10.17176/20230425-204507-0 DE-Verfassungsblog cr||||| 230425s2023||||xx#|||||o|||| ||| 0|eng|| 10.17176/20230425-204507-0 doi eng 342 23 Wagner, Lorin-Johannes Author aut Investing Immobilized Russian Assets, Monetarizing the Common Foreign and Security Policy Wagner, Lorin-Johannes Verfassungsblog 2023-04-25 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Again, the Commission and EU Member States are talking about new sanctions against Russia. The focus, according to Commission President Ursula von der Leyen, should be on tackling sanctions circumvention and loopholes. In a scoop, however, it was also uncovered that the Commission has drawn up a non-paper “on the generation of resources to support Ukraine from immobilized Russian assets”. The idea behind this non-paper is to invest the immobilized assets of the Russian Central Bank in EU Member States’ bonds and bills and use the proceeds to support the reconstruction of Ukraine. The plan, as the non-paper indicates, is fraught with a number of legal and technical issues. These do not only relate to the question of whether or not such an investment of immobilized assets is compatible with international law and EU law, but also to the question of who should undertake and oversee these investments. CC BY-SA 4.0 Common Foreign and Security Policy Immobilized Assets monetary policy Russian War against Ukraine Sanctions Max Steinbeis Verfassungsblog gGmbH Verfassungsblog 2366-7044 https://verfassungsblog.de/investing-immobilized-russian-assets-monetarizing-the-common-foreign-and-security-policy/ raw object