Business Day

EU chief proposes special court for Russian war crimes

- Kevin Whitelaw and Jorge Valero

European Commission president Ursula von der Leyen suggested creating a special internatio­nal court to probe Russian actions in Ukraine and using frozen Russian assets to help rebuild the nation.

The head of the EU’s executive arm said on Wednesday the bloc would seek global support for a “specialise­d court backed by the UN to investigat­e and prosecute Russia’s crime of aggression”. The aim would be to tackle crimes that would not fit under the mandate of the Internatio­nal Criminal Court.

“Under certain conditions, an ad hoc internatio­nal tribunal for the crime of aggression may allow for the prosecutio­n of the top Russian leaders who would otherwise enjoy immunity,” the commission said in a legal analysis. “It could be based on a multinatio­nal treaty among supporting states, and its internatio­nal character could be strengthen­ed further with a UN mandate calling for its establishm­ent.”

In a video address on Twitter, Von der Leyen said the bloc would “find legal ways” to use money seized from Russia to help fund Ukraine’s reconstruc­tion. The EU has blocked about €300bn in Russian central bank reserves and frozen €19bn in assets held by sanctioned Russian businessme­n, though these estimates are not complete.

She said the bloc would seek to create a structure to manage the funds, invest them, and use the proceeds to benefit Ukraine.

EU lawyers had been asked to look at different legal options for using Russian assets frozen by its member states. Using Russian central bank assets would not be easy, but it is doable with the strong backing of the internatio­nal community, said EU officials who requested anonymity to discuss technical details. Even so, any such decision could have risks for financial stability and would require careful considerat­ion, the officials added.

“It could be explored with internatio­nal partners that have adopted similar sanctions whether an active management of frozen and ‘immobilise­d’ assets — in particular of liquid assets of state-owned enterprise­s and of the Russian Central Bank and affiliated entities — could be put in place under the Common Foreign and Security Policy, aiming at ensuring a stable and fair net return to be used, as external assigned revenue, to finance the reconstruc­tion of Ukraine,” the commission wrote in a legal paper.

“To that effect, appropriat­e financial instrument­s would need to be set up, preferably at internatio­nal level.”

It is unclear whether the US or other allies would take part because confiscati­ng central bank assets is a potential legal minefield.

Newspapers in English

Newspapers from South Africa