Markus Zydra, Frankfurt
Russia should pay for the reconstruction of Ukraine. The EU Commission would also like to tap into the foreign assets of the Russian central bank. The foreign exchange and securities worth 300 billion euros, held in accounts held by Western central banks, have been subject to a ban on disposal since the spring. So Putin can’t get to it anymore. As a first step, Brussels is now planning to let these assets “work” and transfer the generated returns to Ukraine. In a second step, at least parts of the 300 billion euros are to flow to Ukraine as reparations as part of a peace treaty.