{"id":34028,"date":"2025-09-30T11:55:00","date_gmt":"2025-09-30T09:55:00","guid":{"rendered":"https:\/\/www.gnews.cz\/?p=34028"},"modified":"2025-09-30T10:19:44","modified_gmt":"2025-09-30T08:19:44","slug":"ek-navrhuje-vymenit-zmrazena-ruska-aktiva-za-nulokuponove-dluhopisy-a-prevest-je-na-ukrajinu","status":"publish","type":"post","link":"https:\/\/gnews.cz\/cs_cz\/politika\/ek-navrhuje-vymenit-zmrazena-ruska-aktiva-za-nulokuponove-dluhopisy-a-prevest-je-na-ukrajinu\/","title":{"rendered":"EK navrhuje vym\u011bnit zmrazen\u00e1 rusk\u00e1 aktiva za nulokuponov\u00e9 dluhopisy a p\u0159ev\u00e9st je na Ukrajinu"},"content":{"rendered":"\n<p><strong>Evropsk\u00e1 komise podle listu Politico navrhuje vym\u011bnit p\u0159ibli\u017en\u011b 140 miliard eur zmrazen\u00fdch rusk\u00fdch aktiv za nulokuponov\u00e9 dluhopisy, kter\u00e9 by n\u00e1sledn\u011b byly vyu\u017eity k financov\u00e1n\u00ed Ukrajiny. Podle n\u00e1vrhu maj\u00ed b\u00fdt prost\u0159edky Kyjevu poskytnuty po tran\u0161\u00edch ve form\u011b p\u016fj\u010dek. Informace vypl\u00fdvaj\u00ed z intern\u00edho n\u00e1vrhu, jen\u017e m\u00e1 b\u00fdt projedn\u00e1n na neform\u00e1ln\u00edm summitu EU v Kodani 1. \u0159\u00edjna.<\/strong><\/p>\n\n\n\n<p>My\u0161lenka navazuje na d\u0159\u00edv\u011bj\u0161\u00ed prohl\u00e1\u0161en\u00ed p\u0159edsedkyn\u011b Evropsk\u00e9 komise Ursuly von der Leyenov\u00e9. Ta na za\u010d\u00e1tku z\u00e1\u0159\u00ed uvedla, \u017ee Komise nepl\u00e1nuje p\u0159\u00edmou konfiskaci rusk\u00fdch aktiv, ale chce jejich z\u016fstatky vyu\u017e\u00edt k vytvo\u0159en\u00ed mechanismu p\u016fj\u010dek pro Ukrajinu. Tento postup by podle n\u00ed umo\u017enil zajistit prost\u0159edky bez form\u00e1ln\u00edho poru\u0161en\u00ed vlastnick\u00fdch pr\u00e1v.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Technick\u00e9 j\u00e1dro n\u00e1vrhu spo\u010d\u00edv\u00e1 v tom, \u017ee zmrazen\u00e1 aktiva dr\u017een\u00e1 p\u0159edev\u0161\u00edm v belgick\u00e9m depozit\u00e1\u0159i Euroclear by byla \u201enahrazena\u201c z\u00e1vazky v podob\u011b nulokuponov\u00fdch dluhopis\u016f. V praxi by hotovost z\u016fstala nedot\u010dena, ale Ukrajina by z\u00edskala likviditu prost\u0159ednictv\u00edm p\u016fj\u010dek. Ty by m\u011bly b\u00fdt v budoucnu splaceny z prost\u0159edk\u016f, kter\u00e9 by Rusko muselo vyplatit jako reparace. Podle odhad\u016f \u010din\u00ed celkov\u00e1 hodnota zmrazen\u00fdch rusk\u00fdch rezerv v EU zhruba 176 miliard eur, uvedla agentura Bloomberg.<\/p>\n<\/blockquote>\n\n\n\n<p>N\u00e1vrh ov\u0161em nar\u00e1\u017e\u00ed na \u0159adu pr\u00e1vn\u00edch i politick\u00fdch p\u0159ek\u00e1\u017eek. N\u011bkter\u00e9 \u010dlensk\u00e9 st\u00e1ty \u2013 nap\u0159\u00edklad Ma\u010farsko \u2013 avizuj\u00ed, \u017ee mohou kroky ohledn\u011b rusk\u00fdch aktiv vetovat. Evropsk\u00e1 centr\u00e1ln\u00ed banka a dal\u0161\u00ed finan\u010dn\u00ed instituce varuj\u00ed, \u017ee by tento postup mohl ohrozit d\u016fv\u011bryhodnost eura jako rezervn\u00ed m\u011bny a vytvo\u0159it precedens, kter\u00fd by odradil zahrani\u010dn\u00ed investory. Objevuj\u00ed se tak\u00e9 ot\u00e1zky, kdo by nesl riziko p\u0159\u00edpadn\u00e9ho nesplacen\u00ed a jak by se zajistily pr\u00e1vn\u00ed garance.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Na druh\u00e9 stran\u011b stoj\u00ed st\u00e1ty, kter\u00e9 n\u00e1vrh podporuj\u00ed. Podle agentury Reuters N\u011bmecko a dal\u0161\u00ed velk\u00e9 \u010dlensk\u00e9 zem\u011b nazna\u010dily ochotu hledat \u201eleg\u00e1ln\u011b bezpe\u010dn\u00e9\u201c \u0159e\u0161en\u00ed. C\u00edlem je pomoci Ukrajin\u011b rychle, ale z\u00e1rove\u0148 tak, aby EU neporu\u0161ila vlastn\u00ed pr\u00e1vn\u00ed z\u00e1vazky a mezin\u00e1rodn\u00ed normy.<\/p>\n<\/blockquote>\n\n\n\n<p>Detaily mechanismu \u2013 tedy po\u010det tran\u0161\u00ed, jejich harmonogram a konkr\u00e9tn\u00ed konstrukce dluhopis\u016f \u2013 zat\u00edm nejsou zn\u00e1m\u00e9. Budou p\u0159edm\u011btem jedn\u00e1n\u00ed na nadch\u00e1zej\u00edc\u00edm summitu a n\u00e1sledn\u011b i na \u00farovni ministr\u016f financ\u00ed \u010dlensk\u00fdch st\u00e1t\u016f.<\/p>\n\n\n\n<p>N\u00e1vrh Evropsk\u00e9 komise p\u0159edstavuje kreativn\u00ed finan\u010dn\u00ed konstrukci, kter\u00e1 by mohla Ukrajin\u011b poskytnout zna\u010dn\u00e9 prost\u0159edky. Jeho realizace v\u0161ak z\u00e1vis\u00ed na dosa\u017een\u00ed politick\u00e9 shody, na vy\u0159e\u0161en\u00ed pr\u00e1vn\u00edch ot\u00e1zek a na zaji\u0161t\u011bn\u00ed, \u017ee tento krok nezp\u016fsob\u00ed ne\u017e\u00e1douc\u00ed vedlej\u0161\u00ed dopady na finan\u010dn\u00ed trhy a m\u011bnovou stabilitu. Podle agentury AFP lze o\u010dek\u00e1vat, \u017ee t\u00e9ma se stane jedn\u00edm z hlavn\u00edch bod\u016f jedn\u00e1n\u00ed EU v nejbli\u017e\u0161\u00edch t\u00fddnech.<\/p>\n\n\n\n<p><strong>gnews.cz &#8211; GH<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evropsk\u00e1 komise podle listu Politico navrhuje vym\u011bnit p\u0159ibli\u017en\u011b 140 miliard eur zmrazen\u00fdch rusk\u00fdch aktiv za nulokuponov\u00e9 dluhopisy, kter\u00e9 by n\u00e1sledn\u011b byly vyu\u017eity&hellip;<\/p>\n","protected":false},"author":6,"featured_media":31510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7,2973],"tags":[6053,4537,3357,4904,2366,1157,6060,6061,4907,31,3632,173,6051,6055,950,6057,6054,6059,4600,6058,6052,6056,4084,6050],"class_list":["post-34028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politika","category-zahranicni","tag-afp","tag-bloomberg","tag-ek","tag-euroclear","tag-evropska-centralni-banka","tag-evropska-komise","tag-financni-stabilita-eu","tag-financovani-ukrajiny","tag-kodan","tag-madarsko","tag-mezinarodni-pravo","tag-nemecko","tag-nulokuponove-dluhopisy","tag-politicke-veto","tag-politico","tag-pravni-prekazky","tag-pujcky-pro-ukrajinu","tag-reparace","tag-reuters","tag-rezervni-mena-euro","tag-summit-eu","tag-transe","tag-ursula-von-der-leyen","tag-zmrazena-ruska-aktiva"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/posts\/34028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/comments?post=34028"}],"version-history":[{"count":0,"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/posts\/34028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/media\/31510"}],"wp:attachment":[{"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/media?parent=34028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/categories?post=34028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gnews.cz\/cs_cz\/wp-json\/wp\/v2\/tags?post=34028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}