Investing Immobilized Russian Assets, Monetarizing the Common Foreign and Security Policy Wagner, Lorin-Johannes Author aut Text xx# 2023 Verfassungsblog 2023-04-25 eng
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 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 Wagner, Lorin-Johannes Common Foreign and Security Policy Immobilized Assets monetary policy Russian War against Ukraine Sanctions 342 https://verfassungsblog.de/investing-immobilized-russian-assets-monetarizing-the-common-foreign-and-security-policy/ Verfassungsblog 2366-7044 Max Steinbeis Verfassungsblog gGmbH 10.17176/20230425-204507-0 230425 10.17176/20230425-204507-0 Converted from MARCXML to MODS version 3.7 using MARC21slim2MODS3-7.xsl (Revision 1.140 20200717)