Europe

8485 readers

3 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 1 year ago

MODERATORS

poVoq@slrpnk.net

122

Estonian parliament adopts law allowing use of Russian frozen assets (www.riigikogu.ee)

submitted 1 month ago by 0x815@feddit.de to c/europe@feddit.de

5 comments fedilink hide all child comments

Estonian MPs passed a law that enables the use of Russian assets frozen under international sanctions to compensate Ukraine for war damages.

The president must now promulgate the legislation for it to enter into force.

It enables assets of individuals and companies that have contributed to Russia's wrongful acts, which have been frozen under sanctions, as an advance payment for damages owed by Russia to Ukraine.

To seize Russian assets, Estonia would need to receive a request, and the connection of their owner to illegal acts must be sufficiently proven. The asset owner can challenge their use for Ukraine in Estonian courts.

Estonia's move is seen as an important first step as the vast majority of Russia's frozen and largely euro-denominated sovereign assets, which are worth €300 billion, are located in Europe.

you are viewing a single comment's thread
view the rest of the comments

[–] excral@feddit.de 5 points 1 month ago (1 children)

Estonia is both in the EU and NATO. Invading Estonia would pretty much trigger WW3

[–] Dasus@lemmy.world 1 points 1 month ago

Yeah people really don't seem to understand this.

That's the exact reason we're trying to rush Ukraine to the EU, so we could tell Putler that continued aggression will be seen as an act of hostility towards the entire Union, and respond appropriately.