Russia and Ukraine flashpoint

[Ryuu96]

SecondWar said:

Ryuu96 said:

The EU has adopted new rules on Russian assets immobilised under EU sanctions âž¡ï¸Â Central securities depositories in the EU holding assets of the Central Bank of Russia will have to set aside extraordinary revenues originating from those assets.

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— EU Council (@EUCouncil) February 12, 2024

Meaning interest earned is automatically forfeited? Or something else?

This decision paves the way for the Council to decide on a possible establishment of a financial contribution to the EU budget raised on these net profits to support Ukraine and its recovery and reconstruction at a later stage. This financial contribution may be channeled through the EU budget to the Ukraine Facility on which the Council and the European Parliament reached a provisional agreement on 6 February 2024.