Hungary lifted Russian sanctions and harmed the EU taxpayers, warns Estonia

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Hungary Victor Orban ensures that the EU restricted frozen Russian assets to 210 billion euros football, Europe’s taxpayers will be a larger bill to support Ukraine.

Margus Tsahkna explained the financial time that prevents EU sanctions – a danger has been repeatedly developed, but never acted before – the Russian assets will hook up and leave the Hand for multibylion-euro loans.

USA, Canada, France, France, France, France, Germany and Great Britain – 50 billion euros in the world to receive 50 billion euros in terms of profit. If the assets are delayed, the EU and the United States, each of the loans will fall to 20 billion euros and the rest to other G7 members.

“The problem of providing this loan to this loan () This is the” Tsahkna, referring to the scenario after the EU sanctions.

Officials expect Orban to take a further sided approach in the discussions against the endless landslide sanctions. Sanctions should be uncovered by the EU member states. The vast majority of frozen assets are held in Belgium in the Euroclear.

“If they intend to block them, sanctions will fall. And the central banking assets will give Russia, (Vladimir) Putin, as a reward.” “We can’t happen to it.”

The European Commission has failed sanctions, but EU officials said they said that most legal avenues were.

“We need some kind of legal market or some kind of procedure,” he said.

Estonia protects G7 countries that hold Russian assets than obeying sanctions. “It would be the most clear and best-understandable solution,” said Tsahkna.

Some countries resisted such a movement by claiming that some countries could violate some countries in international law and abandon the Euro. Central securities Depository EuroClear, Belgium, which has 190 billion euros in the assets, intimidates this action, and it is afraid of the fact that this will be the main goal of legal difficulties.

“Our position has not changed,” Belgian Minister of Budget Vincent Van Peteghem told FT. “The interview is not an option for the moment for all the risks associated with this. This is also better to keep these frozen assets as a goal in peace talks with Russia.”

Tsahkna said that he was sensitive to Belgian reluctance to seize assets. “We definitely not be able to stay alone in this very complicated situation,” he said that this decision will need to be collectively withdrawed by a group of state, including all G7.

Negotiations with Hungary should continue. “I know that there are many problems with their economy,” he said.

Russia is trying to find ways to reach assets despite the freezing. Ukrainian officials warned that they want to sell them to investors who will restore them after the restoration of them in the future.

Tsahkna rejected these schemes unrealistic. “Of course, Russia wants to use frozen assets to deal and use transactions. But the fact does not have these assets, they are frozen in Europe.”

Tsahkna depends on the peace talks of the US and frozen assets, as a result of the shift of sanctions. “Even presidential Trump, he said he gave time until the end of April and then he would act.”

Additional report by Paola completion in Brussels