EU Council Adopts Measures on Frozen Russian Assets to Aid Ukraine
The EU Council's recent decision paves the way for using profits from frozen Russian assets for Ukraine's reconstruction, marking a significant step towards financial support.
- The EU Council has adopted a decision and regulation to use profits from frozen Russian assets for Ukraine's reconstruction.
- Around EUR 260 billion of the Central Bank of Russia's assets have been blocked, with the majority located in the EU.
- The decision prohibits Central Securities Depositories from disposing of profits generated by these assets.
- The United States welcomes the EU's decision, continuing discussions with allies on leveraging Russian assets for Ukraine's benefit.
- The move aligns with G7 steps and could potentially direct billions in profits to aid Ukraine over the next four years.
Ukrinform 
POLITICO 
South China Morning Post 
