The European Commission (EC) plans to present a formal plan on the use of proceeds from investing in frozen Russian assets in the regional community before the summit of the organization scheduled for December. This was reported by RIA News Citing a source in the highest executive body of the European Union (EU).
According to the agency, the proposal could be made public as early as December 12. However, the source emphasized that the specified time frames are “indicative”.
“Our aim is to present a formal proposal this year, if possible, before the EU summit in December,” he added.
Bloomberg at the end of November reported about the plans of the regional community to present a scheme on the use of income tax on blocked assets of the Russian Federation in the near future. According to the agency, we are talking about using these funds to help Ukraine.
As stated in the document, leaders of EU member states plan to discuss relevant initiatives during the upcoming summit. The event will take place from December 14 to 15, but the member countries of the organization have so far failed to reach a consensus on the further use of proceeds from frozen Russian assets.
Previously at the Council of Europe warned About the negative consequences of blocking the assets of the Russian Federation.