This photograph shows the Council of Europe building with posters promoting the 75th anniversary of the institution, in Strasbourg, eastern France, on May 8, 2024. The Council of Europe was founded on May 5, 1949, in London. (Photo by SEBASTIEN BOZON / AFP) (Photo by SEBASTIEN BOZON/AFP via Getty Images)
This decision was announced by the presidency of Belgium in the EU Council.
“The money will serve to support Ukraine‘s recovery and military defence in the context of the Russian aggression“, the statement said.
Recall that in February, the Council of the European Union adopted a decision that will help transfer profits from the storage of frozen assets of the Central Bank of Russia to Ukraine in the future.
The Council decided that central depositories holding assets of the Russian Central Bank amounting to more than 1 million euros must separately account for extraordinary monetary reserves accumulated as a result of EU restrictive measures, and also separately retain the corresponding income, according to the statement from the EU Council.
In addition, central depositories are prohibited from disposing of the profits from storing assets of the Russian Central Bank.
Photo: Getty Images
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