2023-07-01 04:28:33
EU leaders at the summit in Brussels tentatively agreed on how they would use the frozen Russian assets in favor of Ukraine.
According to BloombergEuropean officials decided to send Ukraine interest and excess profit tax revenues from the assets of the Russian Central Bank, which might amount to regarding 3 billion euros a year.
Europe is simply not ready to send the frozen funds to Ukraine for fear of lawsuits. But even under the current EU plan, a number of countries have the same doubt, Bloomberg notes.
The Europeans want to enlist the support of all the G7 countries on this issue before making a final decision.
The European Commission is preparing to submit a more detailed proposal before the end of summer.
Earlier, Germany opposed the confiscation of Russian frozen assets.
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