EU ambassadors agree to create account to receive interest on profits from frozen Russian assets
At a meeting on January 29, the EU permanent representatives agreed to create a separate account to receive interest on the taxable profits of frozen Russian assets.
This was reported by Censor.NET with reference to European Pravda.
The Belgian presidency noted without detail that EU ambassadors "agreed in principle on a proposal to use the excess profits associated with immobilized assets to support Ukraine's recovery."
According to Jozwiak, the EU ambassadors "gave the green light to the first step" towards the use of frozen Russian assets for the benefit of Ukraine - "setting aside funds from frozen Russian assets in a separate account."
"Now it's a matter of agreeing on the next step: the actual sending of money to Ukraine," he added.
TRANSFER OF FROZEN RUSSIAN ASSETS TO UKRAINE
Earlier this month, EU foreign ministers reached political agreement on a plan to use Russian assets to support Ukraine.
Since a number of EU member states are against the confiscation of these assets due to legal difficulties, the compromise is that the profits generated by these frozen assets will be taxed and the funds will be transferred to Ukraine.
In particular, the US is promoting the idea of confiscating frozen assets. Last week, the relevant committees of the U.S. Senate and House of Representatives approved legislation that will help create conditions for the confiscation of Russian assets and their transfer to Ukraine for recovery.
