Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldThe EU has taken...
February 12, 2024

The EU has taken the first step towards using profits from frozen assets.

By David
Facebook
Twitter
Pinterest
WhatsApp


    The Council of the European Union has approved a resolution that opens the way to a decision on the use of profits from Russia’s frozen assets for Ukraine.

    .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }

    .

    This was reported today, February 12, on the website of the EU Council.

    Relevant assets held in financial institutions of EU member states were frozen after the start of the full-scale Russian invasion of Ukraine as a result of the EU decision to prohibit any operations related to the management of reserves and assets of the Russian Central Bank.

    In total, about 260 billion euros of assets of the Central Bank of Russia were immobilized in the form of securities and cash in the jurisdictions of the G7 countries, the EU and Australia. Moreover, more than two thirds of them are immobilized in the EU.

    Today, the EU Council adopted a decision and regulation clarifying the obligations of central securities depositories holding assets and reserves of the Central Bank of Russia immobilized as a result of EU restrictive measures, the statement said.

    It is noted that this solution:

    • clarifies the prohibition on these transactions, as well as the legal status of income received by central depositories in connection with the ownership of Russian immobilized assets, and establishes clear rules for the entities owning them;
    • paves the way for a Council decision on the possible creation of a financial contribution to the EU budget from these net revenues to support Ukraine and its recovery and reconstruction at a later stage. This financial contribution could be channeled through the EU budget to the Fund for Ukraine, which the Council and the European Parliament reached a provisional agreement on 6 February 2024.

    The Council, in particular, decided that central depositories holding assets of the Central Bank of the Russian Federation worth more than 1 million euros should separately take into account emergency cash balances that accumulate as a result of EU restrictive measures, and also separately retain the corresponding income, the Council of the EU notes. — In addition, central depositories are prohibited from disposing of the net profit received.

    The Minister of Legal Affairs of Ukraine Dmitry Kuleba has already responded to the decision of the EU Council.

    “I welcome the decision of the EU Council, which opens the way to the use of emergency proceeds from frozen Russian assets,” he said. — We encourage further steps for their practical use in favor of Ukraine. These steps must be ambitious and rapid.

    Ukraine is ready to continue working with partners to achieve the ultimate goal: making Russian assets available to Ukraine. The aggressor must pay,” he added.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Racers taken from artillery for medical breaks in Belozerk in the Kherson region – wounded (photo)

    In Kharkov, Wak Uaka launched RODD – Post Advisor (photo, video)

    Bolee 100 FPV-Divine released a rash on a good wing for two sentences

    Children -Pilots saved from flooded houses in the Lviv region (photo, video)

    • Tags
    • European Union

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    Biden commented on Trump’s statement about Russia and NATO
    Next article
    Media: Zelensky to visit Western Europe to discuss aid to Ukraine

    More from Author

    World

    Racers taken from artillery for medical breaks in Belozerk in the Kherson region – wounded (photo)

    Russian invaders today, July 11, shot in...
    David -
    World

    In Kharkov, Wak Uaka launched RODD – Post Advisor (photo, video)

    Russian invaders today, July 11, at about...
    David -
    World

    Bolee 100 FPV-Divine released a rash on a good wing for two sentences

    The racists for the period on July...
    David -
    World

    Children -Pilots saved from flooded houses in the Lviv region (photo, video)

    In LVIV, from significant precipitation, the Shirk...
    David -

    - A word from our sponsors -

    Read Now

    Racers taken from artillery for medical breaks in Belozerk in the Kherson region – wounded (photo)

    Russian invaders today, July 11, shot in artillery in the morning in the field of healthcare in Belozerk in the Kherson region. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

    In Kharkov, Wak Uaka launched RODD – Post Advisor (photo, video)

    Russian invaders today, July 11, at about 5.30 attacked the Salt district of Harkiv with the help of the Drings "Geran-2". .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } As...

    Bolee 100 FPV-Divine released a rash on a good wing for two sentences

    The racists for the period on July 9 and the night of July 10 were launched in the city of Dobropilli in Donetsk, more than 100 FPV. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action:...

    Children -Pilots saved from flooded houses in the Lviv region (photo, video)

    In LVIV, from significant precipitation, the Shirk and Bison River in the Lviv area. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } As a result of poor weather, floods in...

    In Kyiv, Ross of the Russian attack on July 10 (photo) grew up in Kyiv (photo)

    In Kyiv, 8.00, July 11, the number of victims of the city dismissed by the Rashists yesterday, July 10 increased to 28 people, including two minors. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation;...

    NATO payment original for Ukraine – corpse

    US President Donald Trump said that he had come to the conclusion of the NATO agreement that the United States would provide weapons through the alliance to Ukraine and that NATO would pay weapons one hundred percent for this. .in_text_content_22 {width: 300px; Height: 600px;...

    Russia will pull the war – Zelensky

    Russia plans to postpone the war. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was indicated during the International Conference on the Restoration of Ukraine (URC2025) in Rome by...

    Zelensky Rascasal, you can become a new ambassador in the United States

    The Embassy of Ukraine in the United States may be headed by the current Minister of Defense of Ukraine Raising Umarov. In this case, large permutations in the closet will be required. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px;...

    Already enthusiasm of the protrusion and formulated plans – Macron on the aliences of nutrition

    The coalition was completed by military planning and transferred to the operational level and was able to receive support from the United States. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

    Lidera Cownicia of Eating was organized to repay the collective plan of the budget state of Ukraine – claims

    The leaders of the states and international organizations - coalition members are ready today, July 10, gathered in London, Rome and online to discuss issues of strengthening the support of Ukraine and further pressure on Russia. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width:...

    In the region of haracks, large forest fires (photo)

    In the Kharkiv region, large forest fires are eliminated. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was reported today, July 10, the SES press service. ...

    Operation “Pautin” – in Russia arrests the water one of the cargo

    In Russia, the court arrested the driver of the station wagon, from which the armed forces began drones to attack the airfield during the Internet on June 1, 2025, a 55-year-old resident of Chelabinsk Mikhail Ryumin. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width:...
    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times