The EU prepared legislation that provides for the transfer of profits from frozen Russian assets to Ukraine. It will be possible to purchase weapons with these funds as early as July.
This is reported by the Bloomberg agency.
The proposals, which require the backing of all member states, would apply a windfall tax on profits generated by the immobilized reserves. This will make it possible to use approximately €3 billion annually to finance the supply of weapons to Ukraine and the development of the country’s defense industry.
At the same time, about €260 billion of Russian Central Bank assets, mainly in the form of securities and cash, were blocked by the G7 countries, the EU and Australia, with more than two-thirds of those blocked in the EU.
It is worth noting that such funding is extremely important at the moment, because Ukraine is facing a shortage of artillery, and the promised $60 billion in aid from the United States remains blocked in Congress.
Earlier, "Apostrophe" wrote that the USA assessed the risks in case of termination of aid to Ukraine.