Latvia supports the use of frozen assets of the Central Bank of Russia for Ukraine's needs, according to a statement about the issues to be discussed at the upcoming European Council. The document was prepared by the Ministry of Foreign Affairs and conceptually approved by the government.
The European Council will take place on October 23 and 24 in Brussels, with its agenda including topics related to Ukraine and Russia, the Middle East, security and defense issues, competitiveness, 'green' and digital transformation, housing, and migration. Following this, there will be a meeting of the heads of state and government of the Eurozone countries.
In the 'Ukraine and Russia' section, a discussion on comprehensive support for Ukraine is expected, including the European Commission's initiative to create a reparations loan instrument. In the Middle East segment, the situation in the region will be discussed following the agreement reached on October 13 to cease hostilities in Gaza and the potential involvement of the EU in its implementation. The 'Security and Defense' section will address the EU's roadmap for ensuring defense readiness by 2030.
Latvia's position emphasizes the need to continue comprehensive support for Ukraine and to maintain maximum pressure on Russia, including through increased sanctions and combating evasion. Latvia also supports the use of frozen assets of the Central Bank of Russia in the interests of Ukraine.
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