Russian Central Bank: How the EU intends • Table.Briefings

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.

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.

Russian Central Bank: How the EU intends to use the frozen assets

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