The high representative of the European Union for Foreign and Security Affairs, Josep Borrellsaid this Friday that Russia will not only have to answer criminally for its war crimes, but also financially for the destruction of Ukraine.
“Accountability is not just criminal accountability. It is also a financial responsibility,” said Borrell in Poland.
“Ukraine is being destroyed because the Russians couldn’t conquer it. It’s going to cost a lot of money to repair all this damage. We have 300,000 million euros seized of Russia’s assets,” he added.
Borrell traveled to Brzeg (Poland) this Friday to witness the training of Ukrainian soldiers in the framework of the European mission EUMAM.
Before, in the OSCE ministerial councilhad proposed the creation of a special court to judge the russian war crimes.
“The court is something we have been working on in response to the request of the president Volodimir Zelensky”, he explained.
Borrell recalled that a few days ago the European Comission presented a proposal to Member States to work in three fields.
The first, to continue supporting the International Criminal Court in order to collect evidence of the crimes in Ukraine. Second, to support the prosecutor of the Ukrainian judiciary who “works more directly with the people,” she said.
“Thirdly, submit a proposal for the creation of a specialized court that should be created under the umbrella of the United Nations”, he added.
This Friday, the countries of the G7 Y Australia agreed to limit the russian oil price to 60 dollars per barrel, following the agreement reached earlier by the 27 countries of the European Unionaccording to a joint statement.
The agreement awaited a decision from Warsaw, which on Friday gave the green light to the price, allowing an agreement first within the EU and then with the other G7 countries and Australia.
The measure will enter into force next Monday and will seek limit revenue from Russia, which allow it to stock up on weapons and other resources that it deploys in its offensive on Ukraine. Moscow is the second world oil exporter thanks to its shipments to China and India.
The cap, however, does not directly affect the community bloc since, together with it, a total embargo will apply to the crude it imports from Russia with the exception of that which Hungary buys by pipeline. This is because one of the main objectives is try to keep the oil flowing towards global markets.
For those ships at sea that are supplied before Monday, a grace price for 45 daysgiving them until January 19 to offload the oil, as well as a 90-day transition for any future price level changes.
Also, European shipping companies will be prohibited from transporting Russian oil to third countries if it is sold at a higher price than the one set.
Likewise, the agreement established that, if the market price falls below 60 dollars a barrel, the ceiling will be updated in such a way that it is at least 5% below the new price. Equally, the rate will be reassessed every two months to be able to align with the figures of the moment.
The President of the European Commission, Ursula von der Leyenassured that the measure on Russian crude “will reinforce the effect of the sanctions” against the Kremlin that both the bloc and USA Y Canada they have adopted since last February 24 – when the conflict began – and “will further reduce Russia’s income”.
Von der Leyen pointed out, in turn, that “it will stabilize global energy markets” because “it will allow part of Russian oil to be traded and transported by sea by EU operators as long as it is sold at a price below the cap.”
(With information from EFE, AFP and Bloomberg)
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