Frozen assets of the Russian Federation: Ukraine can get the first Russian billions in the summer - FT

According to journalists, the European Commission has already started preparing the plan for confiscation of incomes of the Russian Federation under sanctions. Already in the summer of 2024, Ukraine can receive the first billion dollars for profit from frozen assets of the Russian Federation. It is about assets at the Belgium Euroclear financial company. Financial Times writes about it. According to journalists, this requires a joint decision of all EU Member States.

The proposal should be announced to the leaders' summit next week. The publication writes that the European Commission has already started preparing a plan for confiscation of incomes of the Russian Federation under sanctions. The plan stipulates that 97% of income from frozen Russian assets can be transferred to the EU budget. Later, this money will be given in parts for the needs of Ukraine.

However, it is reported that it does not apply to 4 billion euros of income that has already been obtained. They are planned to be used to pay for legal costs. Yes, Russia filed a lawsuit against Euroclear hundreds of times. The material states that international assistance to Ukraine is declining, and the full -scale war has been going on for the third year. Therefore, the question of transferring money from income of Russian assets in Europeanar has become even more relevant.

Earlier it was reported that US President Joe Biden predicted $ 61 billion for Ukraine in the US budget project. The total budget for the year of the election in the United States is $ 7. 3 trillion, for military purposes 850 billion. It should also be reminded that the High Representative of the European Union on Foreign Policy and Security Policy, Josep Borrel, acknowledged that in two years of the EU war he used all resources.