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The EU has prepared a plan for the use of income from fixed assets of the Russian Federation

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The developed mechanism for withdrawing income from Russian assets can bring in three billion euros a year.

The head of EU diplomacy, Josep Borrell, said that the European Union has developed a plan for the use of proceeds from the fixed assets of the Russian Federation. The website of the European Commission reported this on Tuesday, April 23.

Borrell recalled that the first step in this regard was taken in February.

“Rules have been introduced for central securities depositories that generate income from assets. They need to be segregated, recognized and accounted for separately. Now such income is in separate savings accounts,” he noted. .

According to Borrell, such a mechanism for seizing income from Russian assets can bring in three billion euros a year.

“These profits do not belong to Russia, because they are not sovereign assets, because there is a difference between capital and profit from it,” he added.

Earlier it was reported that the leaders of the European Union made a “political” decision to use the proceeds from Russia’s frozen assets for Ukraine, but there was no plan of action.

The G7 postponed the issue of the transfer of Russian assets to Ukraine

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Source: korrespondent

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