EU ambassadors to approve use of Russian asset profits for Ukraine on Wednesday
High Representative of the EU for Foreign Affairs and Security Policy, Josep Borrell (Vitalii Nosach, RBC-Ukraine)
European Union ambassadors will approve the use of profits from frozen Russian assets for the benefit of Ukraine on Wednesday, January 24. Journalist Rikard Jozwiak of Radio Free Europe announced this on the X social media network.
The Head of EU Foreign Policy, Borrell, has stated that there is a political agreement among EU member states regarding the use of profits from frozen Russian assets.
According to the journalist, EU ambassadors are expected to give the green light on Wednesday to initiate the allocation of funds to a separate account.
These funds will later be used for the needs of Ukraine.
Transfer of Russian assets to Ukraine
It was previously known that the United States proposed to the G7 countries to confiscate $300 billion from frozen Russian assets for the benefit of Ukraine. The corresponding plan aims to be approved by the second anniversary of Russia's invasion of Ukraine.
On January 11, it became known that the White House supported legislation allowing the confiscation of around $300 billion from frozen Russian assets and directing these funds toward the reconstruction of Ukraine.
Belgium's Ambassador to the United States, Jean-Arthur Regibeau, stated that Western countries needed to make a collective decision on the confiscation of frozen Russian assets, the majority of which were held in the Brussels settlement center Euroclear.
