The European Commission will start meetings with EU member states this week to devise a plan to impose a tax on profits from frozen assets of the Russian Central Bank to revitalize Ukraine. This has been reported Bloomberg.
According to Bloomberg, the European Commission will propose how to legally transfer asset revenues to the EU budget. On Thursday, September 7, negotiations will be held with Spain, Belgium, Italy, France and Germany, and next week with all EU countries.
The 215 billion dollar asset of the Central Bank of the Russian Federation blocked in the EU is expected to yield 3 billion dollars profit. More than half of assets are cash and deposits. Most of the funds are in Belgium.
Some countries have expressed concerns that the use of asset income could turn reserve holders away from the euro. Earlier, Ursula von der Leyen announced her intention to impose taxes before the summer holidays, but the deadlines have been postponed.
According to Nikkei, from February 24, 2022, the European Union and the “big seven” countries will be within the framework of the sanctions policy. blocked About 300 billion euros ($328 billion) of assets of the Central Bank of Russia are located on its territory.
Previously at the European Commission in your name The amount of Russian assets frozen in the European Union.