EU considers receiving interest on frozen assets of Russia, but without full confiscation
Kyiv • UNN
The EU agrees to confiscate interest from frozen Russian assets to create a fund to support Ukraine's recovery, without resorting to full asset confiscation.
Europeans are reaching a consensus on a more "subtle" approach to frozen Russian investments and assets. The idea is to receive interest that will be used to create a fund for Ukraine.
This is reported by UNN with reference to Euractiv.
Details
The European Union agrees to confiscate the interest generated by Russian assets frozen in the EU in support of Ukraine, but without going so far as to confiscate those assets. This was stated by Spiros Lampridis, Greece's Special National Envoy for Ukraine.
The European Union is expected to agree to confiscate Russian profits made in the bloc, a key step in supporting Ukraine. Full confiscation of assets is not yet on the table.
According to Spiros Lampridis, the Europeans have come to a consensus on a more "subtle" approach to confiscating profits from Russian investments and assets to create a fund for Ukraine.
We are going to do it. I think it's a matter of months
Compared to the roughly €500 billion-or probably much more-that is needed to rebuild Ukraine, he estimates that this move will bring in between €50 and €60 billion.
It's a small thing, but still, in fact, it's at least a move to show them - look what you've done
Recall
Ukrainian President Zelenskiy calls for the confiscation of frozen Russian assets to finance defense against Russian terrorism.
Poland's foreign minister calls for arming Ukraine and deterring Putin to prevent a larger global conflict.
EU considers receiving interest on frozen assets of Russia, but without full confiscation
South Korea warns that DPRK factories are working at full capacity to supply weapons to Russia
"I don't see any sensationalism in it" - Ihnat on the flight of an enemy drone over Moldova
Air Force Commander: minus another Russian Su-34 in the eastern direction
In Kyiv, a truck crashes into a tram, traffic is hampered
Russian army fired at 11 regions of Ukraine in 24 hours, attacked 128 infrastructure facilities - report
Four people die in an avalanche on a mountain range in the French Alps
Dozens of missiles fired from Lebanon at Israel, Israeli air force retaliates
Border guards expose over 360 organizers of illegal border crossing - Demchenko
Enemy attacked 9 localities in Donetsk region over the last day: three people wounded
Popular
TCC representatives can serve summonses around the clock: what is known
Almost a hundred seals on one island: Ukrainian polar explorers show "invasion" of seals
First black astronaut finally reaches space after 63 years of waiting
Prime Minister of Croatia confirms his participation in the Peace Summit
G7 allies are set on US plan to freeze Russian assets for Ukraine - FT
Publications
The death of Iran's president: who was Raisi and what is known about his successor
Hunting for a mole: why Yulia Tymoshenko's MP closed his declarations
Attempt on the Prime Minister of Slovakia: xenophobia and the Russian trace
The law on strengthening mobilization: what will change after May 18 for those liable for military service
The Housing Capital case: where did the billions go?
EU considers receiving interest on frozen assets of Russia, but without full confiscation
The EU agrees to confiscate interest from frozen Russian assets to create a fund to support Ukraine's recovery, without resorting to full asset confiscation.
South Korea warns that DPRK factories are working at full capacity to supply weapons to Russia
North Korean military plants are operating at full capacity, supplying artillery shells to Russia in exchange for food and raw materials.
"I don't see any sensationalism in it" - Ihnat on the flight of an enemy drone over Moldova
An enemy drone flew over Moldova before being destroyed by Ukrainian air defense systems, a spokesman for the Air Force of the Armed Forces of Ukraine said.
Air Force Commander: minus another Russian Su-34 in the eastern direction
Ukrainian defenders "canceled out" another Russian Su-34 fighter-bomber in eastern Ukraine, the commander of the Air Force of the Armed Forces of Ukraine reports.
In Kyiv, a truck crashes into a tram, traffic is hampered
In Kyiv, a truck crashes into a tram, hampering traffic on Vaclav Havel Boulevard.
Russian army fired at 11 regions of Ukraine in 24 hours, attacked 128 infrastructure facilities - report
Over the past 24 hours, Russian troops shelled 11 regions of Ukraine, attacking 147 settlements and 128 infrastructure facilities.
Four people die in an avalanche on a mountain range in the French Alps
Four climbers were killed and three injured in an avalanche on the Puy de Dome mountain range in the French Alps.
Dozens of missiles fired from Lebanon at Israel, Israeli air force retaliates
"Hezbollah fires rockets into northern Israel from Lebanon, prompting Israel's response in southern Lebanon.
Border guards expose over 360 organizers of illegal border crossing - Demchenko
Border guards exposed more than 360 organizers who promised to illegally "help" people cross the border during martial law in exchange for money.
Enemy attacked 9 localities in Donetsk region over the last day: three people wounded
the Russian army fired 10 times at 9 settlements in Donetsk region, injuring three residents.