Spain's Bold Stand on Monetizing Russian Assets
Spanish Economy Minister Carlos Cuerpo supports the European Commission's efforts to monetize frozen Russian assets to finance Ukraine. Spain advocates for creative ways to use immobilized assets and aims to reduce imports of Russian liquefied natural gas, diversifying with other sources such as the USA.
The Spanish government has declared its support for European Commission initiatives aimed at monetizing frozen Russian assets within the European Union to financially aid Ukraine. Spanish Economy Minister Carlos Cuerpo expressed this stance during a recent interview with Bloomberg TV.
Citing Spain's longstanding advocacy for robust financial support to Ukraine, Cuerpo called for innovative methods to utilize these immobilized Russian assets. He emphasized the need to maximize Ukraine's financial backing in light of ongoing geopolitical tensions.
Additionally, Cuerpo mentioned Spain's efforts to decrease its dependency on Russian liquefied natural gas by diversifying its energy imports, highlighting potential supply partnerships with the United States.
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