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According to the Chief Diplomats of Europe, the rest of the income from profits ...

90% on weapons for Ukraine: Borrel voiced a plan for frozen assets of the Russian Federation

According to the Chief Diplomats of Europe, the rest of the income from profits will be transferred to the EU budget and directed to increase the potential of the defense industry of Ukraine high representative of the European Union on Foreign Affairs and Security Policy of Josep Borrel will offer the EU to send 90% of the income of frozen assets in Europe. Weapons for Ukraine. The diplomat said this on Tuesday, March 17, reports Reuters.

According to him, such a purchase will be made through the European Peace Fund. The 10%of the remaining Borrel will offer to transfer the EU budget and use these funds to strengthen the potential of the Ukrainian defense industry. The head of the EU Foreign Policy Office plans to submit an appropriate proposal to EU Member States on Wednesday, March 20, on the eve of the EU summit, which will start March 21.

On March 14, the British edition of The Guardian wrote that by 2027, Russian assets frozen in the West would probably bring from 15 to 20 billion euros in profit after taxes. Approximately 70% of all Russian frozen assets are stored in the Belgian Central Depository of the EuroClear securities. It is an equivalent of € 190 billion. These are securities and cash of the Russian Central Bank.