Profits from Russian frozen assets 'could go to Ukraine'
Credibility of EU financial institutions at stake in Russia-funds move (Photo: pimousse3000)
Special income arising from an EU freeze of Russian assets belongs neither to Russia nor the EU and can rightly go to Ukraine, according to a legal blueprint on how to help fund post-war reconstruction.
"These revenues do not constitute sovereign assets and do not have to be made available to the Central Bank of Russia under applicable rules, even after the discontinuation of the [EU] transaction prohibition," the EU foreign service (EEAS) said in a 12-page text, dated Tuesday (12 December).
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