“We have already received the consent of the parliament, there is also a consensus in the council.
The document will be formally approved by the council after the summer break.
The directive will be adopted in October, ”RIA Novosti quotes Reynders.
According to him, after the adoption of this directive, an attempt to circumvent sanctions will be included in the list of criminal offenses throughout the European Union.
“Thus, it will be possible for all EU states to carry out a judicial procedure and confiscation.
In this case, the funds will go to a common fund for the Ukrainian people,” said Reynders.
Earlier, the head of the European Commission, Ursula von der Leyen, announced the preparation of a legal framework for the transfer of frozen assets to Russia for the "needs of restoring Ukraine."
Russian presidential spokesman Dmitry Peskov said that any attempt by Western countries to use Russia's frozen reserves would be considered outright theft of these funds.