2024-03-20 23:19:50
The European Union has developed a bill that makes it possible to send Ukraine the proceeds from Russian assets frozen in the West as early as July.
As Day.Az reports with reference to TASS, Bloomberg reported this on Monday with reference to the document.
Thus, the EU plans to introduce a tax on profits from blocked funds and use the money received, about €3 billion a year, to finance arms supplies to Ukraine and “stimulate the defense industry” of the country.
According to the bill, part of the income received from February 15 will be transferred twice a year to the European Peace Fund, from which military aid supplies to Kyiv are paid, as well as to the Ukraine Support Fund. The other part of the funds will remain in the central depositories to cover the costs of maintaining assets and in case of possible risks, including those associated with retaliatory measures from Russia.
At the same time, as the agency notes, the draft document must be approved by all EU members.