The bloc had been debating directing the income generated by the reserves to Ukraine for more than a year EU member states have reached an
The bloc had been debating directing the income generated by the reserves to Ukraine for more than a year
EU member states have reached an agreement that is expected to allow Brussels to transfer the income generated by Russia’s frozen central bank reserves to Kiev, according to the Belgian presidency of the EU Council.
« EU Ambassadors just agreed in principle on a proposal on the use of windfall profits related to immobilised assets to support Ukraine’s reconstruction, » the country’s representatives announced in a post on X (formerly Twitter) on Monday.
The Financial Times, meanwhile, has reported that EU envoys had approved a plan aiming to set aside the billions of euros in profits generated by the frozen assets of Russia’s central bank.
