Belgium
is pushing the EU to vote in favour of releasing up to 3 Billion Euros worth of interest produced from frozen Russian assets to Ukraine, in July of this year. While the EU has not yet committed to confiscating more than 190 Billion Euros worth of Russian money that are stuck in Europeans banks, they are leaning towards sending the interest made off of those funds to Ukraine for its war effort.
By 2027 the interest profits will reach 20 Billion Euros, all of which could be released to Ukraine to support the nation both militarily and macro-financially.
www.ft.com
By 2027 the interest profits will reach 20 Billion Euros, all of which could be released to Ukraine to support the nation both militarily and macro-financially.
Brussels aims to fast-track up to €3bn for Ukraine from frozen Russian assets
First tranche of profits from Euroclear could be available as soon as July, if EU capitals approve