"EU Commits to Redirecting Frozen Russian Assets Profits to Aid Ukraine"

1 min read
Source: Meduza
"EU Commits to Redirecting Frozen Russian Assets Profits to Aid Ukraine"
Photo: Meduza
TL;DR Summary

E.U. countries have unanimously agreed on a plan to transfer profits from frozen Russian assets to a special fund for Ukraine's reconstruction, as proposed by the European Commission. The profits will be recorded separately and not distributed to shareholders, then transferred to a special E.U. fund for targeted support to Ukraine, pending unanimous agreement from all E.U. countries. This decision aims to comply with treaty obligations and international law.

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