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Budrys on Frozen Russian Assets: 'This Is Not the End'
🇱🇹 Lithuania /Economy & Trade

Budrys on Frozen Russian Assets: 'This Is Not the End'

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

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  • Lithuania's Foreign Minister Kęstutis Budrys stated that the EU's agreement on frozen Russian assets is not the final word.
  • Budrys believes the deal merely paused disputes over using these assets to fund Kyiv and pressure Moscow.
  • The agreement aims to utilize profits from frozen Russian assets to provide a loan to Ukraine.

Lithuanian Foreign Minister Kęstutis Budrys commented that the European Union's recent agreement concerning the use of frozen Russian assets is merely a temporary pause in ongoing disputes. He suggested that the deal, intended to fund Kyiv and exert pressure on Moscow, does not represent a final resolution.

The EU reached an agreement to provide a loan to Ukraine, utilizing profits generated from frozen Russian assets. This move aims to bolster Ukraine's financial stability and support its defense efforts against Russian aggression.

Budrys indicated that while the agreement has been reached, the underlying disagreements regarding the utilization of these substantial frozen funds are likely to resurface. The core issue revolves around how best to leverage these assets to aid Ukraine effectively while navigating complex legal and political considerations.

The Lithuanian minister's remarks suggest that further discussions and potential challenges may lie ahead as the EU implements the agreement and continues to manage the frozen Russian assets.

DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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