"EU Advances Plan to Utilize Frozen Russian Assets for Ukraine Reconstruction"
TL;DR Summary
The Council of the EU has adopted a decision and regulation to potentially use profits from frozen Russian assets to finance Ukraine's reconstruction, aligning with G7 actions. Central securities depositories holding over €1 million of Russian central bank assets must set aside profits, which could amount to over €4 billion per year, to be held separately for potential allocation to Ukraine via the EU budget.
- EU moves toward using profits from frozen Russian assets for Ukraine POLITICO Europe
- EU takes first step to use Russia's frozen assets for Ukraine Reuters
- Belgium's plan to fund rebuilding Ukraine with Russia's frozen assets Axios
- U.S. in talks with partners on Russia's frozen assets - State Dept Ukrinform
- EU Takes Significant Step Toward Using Profits From Frozen Russian Assets For Ukraine Radio Free Europe / Radio Liberty
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