The EU Council decides on the use of profits from Russian frozen assets in the EU
The EU Council has adopted a set of legal acts to utilize the profits from Russian frozen assets in the EU.

As we mentioned earlier, in February this year the EU Council approved legal grounds for separate account of profits from frozen Russian sovereign assets (Central Bank of Russia assets).

Twice a year the central securities depositories (CSDs) in the EU will channel profits from frozen Russian sovereign assets to the European Peace Facility (90%) and to EU programs financed from the EU budget (10%). The first payments will be made as early as July 2024, according to the European Commission.

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