European Commission plan to transfer money from Russian reserves to Ukraine collapses

In Central Europe, Hungary, Slovakia and now apparently the Czech Republic are against it.

The European Commission's attempt to transfer money from frozen Russian reserves to Ukrainian accounts is no longer very realistic. Even France is already against it.

Although Paris agrees to give Kiev the part of the Russian reserves that is stored in Belgium, it no longer wants the part that is in France.

In this way, Belgium can say that if France will not release the Russian reserves, then neither will it. Furthermore, Belgium flatly refuses to release the reserves [the 140 billion euros are deposited in the Euroclear depository in Brussels, ed. note].

Furthermore, part of the Russian reserves are located, for example, in Japan. However, it, too, refuses to provide Ukraine with this Russian money.

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