Banking

How the EU intends to use the frozen assets • Table.Briefings


Letzte Aktualisierung: May 22, 2024

EU-Kommissionspräsidentin Ursula von der Leyen
The proposal for the indirect use of Russian funds for Ukraine was submitted by EU Commission President von der Leyen and EU Foreign Affairs Representative Borrell to the governments of the EU member states in March. (Imago / Kyodo News)

The Russian central bank’s funds frozen in the EU generate billions in interest income every year. After lengthy discussions, it has now been decided what to do with the money.

In the future, the EU will use billions in interest income from frozen assets of the Russian central bank to finance military aid for Ukraine. Ministers from the EU member states made the necessary decisions on Tuesday in Brussels, according to a spokesperson for the current Belgian EU Council Presidency. A political agreement on the procedure had already been reached almost two weeks ago. This year alone, up to €3 billion are to be raised for Ukraine.

Please use HAN to get access to this article.

Register now for free and continue reading

No payment data. No automatic renewal.

1/2

Select Professional Briefings

*free of charge even after the trial period has expired

Nextback

Your registration was successful.

Welcome to Table.Media.
You will receive an email with a confirmation link.
Please click on this link to complete your registration.


You have not received an email?

  • Please check your spam folder.
  • Maybe you have registered with a different email address?
  • Please check if you have misspelled your email address.



Source link

Leave a Response